INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneur means “to undertake.”
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TRUE
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FALSE
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The word entrepreneur actually originates from the 13th century French word ‘entreprendre’ which means to undertake or to do something. By the 16th century this had become the noun entrepreneur, taken to mean someone who undertakes a business project or speculation. This is an important point to make.
Detailed explanation-2: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.
Detailed explanation-3: -Entrepreneurship is the undertaking of new business ventures that may eventually become profitable companies. Some economists identify entrepreneurship as a factor of production because it can increase the productive efficiency of a firm.
There is 1 question to complete.