INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Profit potential is the compensation of the entrepreneur.
|
|
TRUE
|
|
|
FALSE
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -“Profit potential is the likely level of return or compensation to the entrepreneur for taking on the risk of developing an idea into an actual business venture.” Without profit potential, the efforts of entrepreneurs would remain only an abstract and a theoretical leisure activity.
Detailed explanation-2: -Entrepreneurship does not always have to be about making money or profit.
Detailed explanation-3: -Entrepreneur is a French word that means “to undertake.” In the business world, this term applies to someone who wants to start a business or enterprise.
There is 1 question to complete.