INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Define the term entrepreneurship
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A person opening a new business
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The act of opening a new business
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Wanting to open a new business
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Having the idea to open a business
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Explanation:
Detailed explanation-1: -Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
Detailed explanation-2: -D. Nascent Entrepreneur: A nascent entrepreneur is an individual who is in the process of starting a new business.
Detailed explanation-3: -Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit. It is defined by transforming the world by solving big problems, like initiating social change, creating an innovative product, or presenting a new life-changing solution.
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