INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The Business Model Canvas gives entrepreneurs a wide snapshot of every aspect of their business – everything from the value proposition and customer segments to operations and the financials.
Detailed explanation-2: -Broken into four parts, each business model includes an offering, customers, infrastructure, and financial viability.
Detailed explanation-3: -The term business model refers to a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses.
Detailed explanation-4: -West, Ph. D., Agricultural Leadership, Education & Communications Page 2 Activity 1 Entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit. Before you can better understand your role in entrepreneurship, you must take time to understand yourself.