INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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(p. 6) The key element found in all definitions of entrepreneurship is risk taking .
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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: -Innovation is considered as the key factor in the concept of entrepreneurship.
Detailed explanation-2: -There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk.
Detailed explanation-3: -Entrepreneurship has four major components: invention, organisation, risk, and vision.
Detailed explanation-4: -Motivation. Passion. Vision. Confidence. Decision making. 02-Jan-2021
There is 1 question to complete.