INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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T
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F
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Either A or B
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None of the above
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Detailed explanation-1: -In a business, an entrepreneur’s social norms, morality, social responsibility initiatives, and norms of conduct are said to be a matter of business ethics. Business ethics & culture are closely related and deeply influence each business enterprise.
Detailed explanation-2: -When you have a reputation for consistently being ethical in how you source and build products, and treat employees, customers and the community, more people will want to do business with you. Even social media ethics is important for your reputation.
Detailed explanation-3: -Entrepreneurs are expected by society to treat their customers fairly and not in ways that will be harmful to them. Entrepreneurs should provide support for consumer rights which are as follows: The right to be safe; The right to be informed; The right to choose; and The right to be heard. The Right to Be Safe.