INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -A successful entrepreneur would focus on the future and be sensitive towards any changes. Money is the symbol of a non-monetary reward to an entrepreneur. The attitudes that an entrepreneur should possess are law, managements, economics, values, business and culture. they try to overcome competitors using various ways.
Detailed explanation-2: -Becoming an entrepreneur offers personal and professional freedom, including the chance to manage work-life balance and make decisions about a company’s future. Running a business does come with risks, including those related to market and economic trends, finances and technology.
Detailed explanation-3: -Profit is an exclusive reward for the entrepreneur, for making business decision under unpredictable and uncertain economic condition.
Detailed explanation-4: -“Whilst there is no universally accepted definition of entrepreneurship, it is fair to say that it is multidimensional.
Detailed explanation-5: -Money is not the primary motivation for entrepreneurs. Entrepreneurs are primarily driven by the passion to make their mark. The whole idea of bringing fresh business plans into existence deeply fascinates an entrepreneur. It is the chase and the experience that matters most to successful entrepreneurs.