INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Improved employee morale
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Higher profits
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Lower production costs
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None of the above
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Detailed explanation-1: -Many people are born to be business owners. Behavior associated with entrepreneurship makes the major contribution to surviving external changes. It also has the decisive impact of achieving competitive advantages.
Detailed explanation-2: -The freedom to make own decisions, power innovation, and maintain control and stability are some of the benefits of entrepreneurship that act as the key motivators to enter this field.
Detailed explanation-3: -Entrepreneurship Accelerates Economic Growth By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth.