INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the definition of entrepreneurship?
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The process of starting and running one’s own business. R
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The process of working for someone else’s business.
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The process of buying a business that is already established.
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All of the above
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Explanation:
Detailed explanation-1: -Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
Detailed explanation-2: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-3: -Entrepreneurship. The process of starting and operating one’s own business.
There is 1 question to complete.