INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market opportunities
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Employee needs and requirements
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Competitors’ weaknesses
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None of the above
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Detailed explanation-1: -Identifying opportunities and putting valuable ideas into practice is the core of entrepreneurial behavior. A person or group may carry out the series of tasks needed by this behavior, which usually require creativity, drive, and a willingness to take risks.
Detailed explanation-2: -Many people are born to be business owners. Behavior associated with entrepreneurship makes the major contribution to surviving external changes. It also has the decisive impact of achieving competitive advantages.
Detailed explanation-3: -Tolerance of Ambiguity. The ability to deal with uncertainty is one of the characteristics associated with successful entrepreneurs. Internal Locus of Control. High Achievement Needs. Open Mindedness. Risk-Taking Behavior. Pragmatism. Challenge Taking. Visionary. 05-Apr-2023