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 refers to an entrepreneurial process.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Entrepreneurship is the willingness and ability to establish, organise and manage a business and take financial risks to make profits. An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.
Detailed explanation-2: -Entrepreneurship is the process of crating an entirely new business, whereas a franchise is starting a business from a successful baseline business that already exists.
There is 1 question to complete.