ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
(p. 6) The term entrepreneur means different things to different people.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

Detailed explanation-2: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-3: -An entrepreneur places all his creativity or creative idea into action and makes it a reality. That means an entrepreneur comes in with a unique business idea that’s the reason why his company is called as a startup company. On the other hand, a businessman commences business with an already used old business idea.

Detailed explanation-4: -The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture.

There is 1 question to complete.