INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Has a strong desire to achieve and is innovative
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Recognizes opportunities but sacrifices them
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Has the urge to keep a product in the existing market
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Has a strong desire for money
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Detailed explanation-1: -A Strong Desire to Achieve Successful entrepreneurs are achievement-oriented. They value accomplishment and the intrinsic rewards that go along with achieving difficult goals.
Detailed explanation-2: -Answer and Explanation: The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.
Detailed explanation-3: -Strong Sense of Self: A successful entrepreneur always holds an extremely strong sense of self along with passion and resilient nature. Having numerous problems to overcome, being self-motivated and self-confident are the key traits that make most entrepreneurs successful.
Detailed explanation-4: -Pure entrepreneur: A pure entrepreneur is an individual who is motivated by psychological and economic rewards. c. Motivated entrepreneur: New entrepreneurs are motivated by the desire for fulfilment.