INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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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.