INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Characteristics of Small Business Entrepreneurs include:
|
|
Dealing with known risks
|
|
|
Trading goods-like buying branded shampoos and then selling them to retailers
|
|
|
Focusing on new, innovative offerings
|
|
|
All the answers are correct
|
Explanation:
Detailed explanation-1: -Characteristics of Small Scale Industries Ownership: They have a single owner. So it is also known as a sole proprietorship. Management: All the management works are controlled by the owner. Limited Reach: They have restricted area of operation. So they may be a local shop or an industry located in one area.
Detailed explanation-2: -Open-mindedness supports creativity, problem solving, and innovation.
Detailed explanation-3: -Passion. Risk taking ability. Persisting nature. Innovative. Leading from the front. Ethical in nature.
There is 1 question to complete.