INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.
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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: -Entrepreneurs are individuals who pursue entrepreneurial opportunities. Without entrepreneurial opportunities, therefore, there will be no ‘entrepreneurship’, conceptually speaking.
Detailed explanation-2: -An entrepreneur is someone who starts or owns a business. Whether it’s in farming, retail, manufacturing or in the service sector, entrepreneurs are businesspeople who find their success by taking risks. In their pursuits, they often become disruptors in established industries.
Detailed explanation-3: -Work experience, hobbies, networks, systematic search lead to opportunity recognition. Opportunities are innovations that occur due to changes in industry structure, demand, outside events, demographics.
There is 1 question to complete.