INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurs have a great need for ____
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Personal Freedom
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Taking risks
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Making a lot of money
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All of the above
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Explanation:
Detailed explanation-1: -There are some clear benefits to taking intentional risks when starting or scaling a business, including: Getting the first-mover advantage. Learning quickly from your wins (and failures) Expanding your experimental mindset.
Detailed explanation-2: -Joseph Shumpeter is the one who introduced the Innovative Theory. According to him risk taking is completely one’s own personal decision in which he is ready to bear loss in form of resources as well in form of capital. So it is necessary that the entrepreneur has an adventurous and risk-taking personality.
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