Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Leonard Wilson convinced her that they should go into business together and sell the sauce. They now ship WWs Red Sauce to stores in 35 states. Wall and Wilson are examples of

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Leonard Wilson convinced her that they should go into business together and sell the sauce. They now ship WW’s Red Sauce to stores in 35 states. Wall and Wilson are examples of

A	Investors
B	Enterprise
C	Entrepreneurs
D	Professional Bull Riders

Explanation:

Detailed explanation-1: -Similar to expos, trade shows events are product fairs where companies in the same or similar industries demonstrate and showcase their new offerings.

Detailed explanation-2: -Buying and selling is not entrepreneurship, it is trade. Buying products from suppliers and selling them to customers for profit doesn’t make you an entrepreneur, it makes you a merchant. Although trade is part of entrepreneurship, it is just one small part.

Detailed explanation-3: -Hence, it could be concluded that ‘observation’ is not a step of problem-solving approach.

There is 1 question to complete.

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP