INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurship can be defined as “any business activities carried out by the individual in order to ____ “
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Produce Product
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Negotiate with customers
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Produce Product and Services
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Give Services
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Explanation:
Detailed explanation-1: -Entrepreneurship is the mindset and process to create and develop economic activity by. blending risk-taking, creativity and/or innovation with sound management, within a new. or an existing organisation.
Detailed explanation-2: -(ii) According to Ricardo Cantillon “Entrepreneurship entails bearing the risk of buying at a certain price and selling at uncertain prices.” (iii) In the words of Joseph A.
Detailed explanation-3: -Entrepreneurship is the process by which individuals or a group of individuals (entrepreneurs) exploit a commercial opportunity, either by bringing a new product or process to the market, or by substantially improving an existing good, service, or method of production.
There is 1 question to complete.