INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a true statement about business plans?
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They should never be revised.
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They can help lower the risk of starting a new business.
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They are created before starting a business.
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They include an overview of your business goals and how you think you are going to achieve them.
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Explanation:
Detailed explanation-1: -The incorrect statement is that entrepreneurs should not think optimistically about the future of the business.
Detailed explanation-2: -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.
Detailed explanation-3: -Thus, External Locus of control is not a characteristic of entrepreneur.
There is 1 question to complete.