INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Skills can be learned while characteristics are inherent qualities
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Characteristics become skills over time
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Many people are born with business skills, but not characteristics
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You can learn a characteristic, but not skills
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Detailed explanation-1: -While skills can be learnt through practice, qualities are considered to be characteristics and personality traits which are to some extent in-built or “inherent”. For example, if you say someone is a “natural leader” you may be referring to a quality they have rather than a skill they have learnt.
Detailed explanation-2: -The main difference between a personal characteristic and a skill is skills can be learned and developed while personal characteristics are inherent qualities within. Examples of skills are people skills, business skills, and communication skills.
Detailed explanation-3: -What is the main difference between a personal characteristic and a skill? You can learn a personal characteristic, but it is not possible to learn a skill.
Detailed explanation-4: -skills can be learned and developed while personal characteristics are inherent qualities within. they create the businesses that produce products and services that meet the wants and needs of consumers.
Detailed explanation-5: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.