INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Perseverance
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Ambition
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Creativity
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Enthusiasm
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Detailed explanation-1: -Passion is what drives entrepreneurs. They usually love what they do, and this helps them invest their time in their projects. To become a more passionate entrepreneur, focus on the meaning of your work. Remember that you contribute to finding solutions that will help many people.
Detailed explanation-2: -Open-mindedness supports creativity, problem solving, and innovation.
Detailed explanation-3: -The correct answer is B. an entrepreneur combines the various production factors, including land, labor, and capital, to make products suitable for the consumers in the market.
Detailed explanation-4: -Strong leadership qualities. Leaders are born, not made. Highly self-motivated. Strong sense of basic ethics and integrity. Willingness to fail. Serial innovators. Know what you don’t know. Competitive spirit. Understand the value of a strong peer network.