INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
In the “Idea Brain” video the narrator states that most, if not all businesses have something in common. They ____
|
|
Solve a problem, a frustration, a need, or improve an existing product.
|
|
|
Make people happy
|
|
|
Make money for their owners
|
|
|
Offer jobs to people
|
Explanation:
Detailed explanation-1: -Trading Entrepreneurship All the activities related to the trading of an organization are done through such type of entrepreneurs. It serves as middlemen for dealers, wholesalers, manufacturers and the customers. Examples : Paul Tudon Jones, Nick Leeson and John Key etc.
Detailed explanation-2: -Imitative entrepreneurs are characterized by readiness to adopt successful innovations inaugurated by successful innovating entrepreneurs. Imitative entrepreneurs do not imitate the changes themselves, they only imitate techniques and technologies innovated by others.
There is 1 question to complete.