ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The importance of information and communication technology (ICT) to entrepreneurs is to:
A
attract very few customers
B
enable the company to be visited without time restrictions
C
immediately get a customer to buy their product
D
maximise management loss
Explanation: 

Detailed explanation-1: -The role of ICT in business is to provide tools and systems that enable efficient communication, data management, analysis, and decision-making processes, as well as to enhance productivity, customer engagement, and competitive advantage.

Detailed explanation-2: -The importance of information technology in business is fostering innovation. Innovation is offering output in smarter apps, improved data storage, faster processing. As well as wider information distribution. Moreover, innovation is making businesses run more efficiently.

Detailed explanation-3: -Information and communications technology (ICT) plays a profound role in any business growth. It improves employee communication, automates many business operations, and enhances the transparency of your projects. That will enhance client and employee satisfaction, increase profits, and give you a chance to grow.

Detailed explanation-4: -Increased Efficiency-ICT tools can automate repetitive tasks, reducing the time and effort required to complete them, leading to increased efficiency and productivity. Better Decision-Making-ICT provides businesses with access to a wealth of data, which can be analyzed and used to inform decision-making.

There is 1 question to complete.