ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Entrepreneurship will lead to the creation of organizations.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -True. Entrepreneurship involves identifying opportunities, creating innovative solutions, and taking risks to start and grow a business. This process often leads to the creation of an organization to manage and operate the business.

Detailed explanation-2: -Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

Detailed explanation-3: -Because it has benefits such as factors of investment encourage, factors of Stimulate and encourage a sense of competition, factors of change and innovation, factors of job creation, improved quality of life, and better distribution of income.

Detailed explanation-4: -Answer: The statement that is not true for entrepreneurs is (c) They do not create jobs. Explanation: Entrepreneurs are individuals who create and operate their own businesses or startups, taking on financial risks in the pursuit of profits and innovation.

There is 1 question to complete.