ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All of a firm’s activities and how they function in relation to one another are known as
A
Business operations
B
Efficiency standards
C
Communication goals
D
Desired outputs
Explanation: 

Detailed explanation-1: -Business activity is any activity related to the purpose of making a profit. It is often divided into operating activities, investing activities and financing activities. Of these, operating activities tend to be considered the most important as they have the most direct impact on a company’s performance.

Detailed explanation-2: -Business operations is a broad term that describes everything that happens within a company to keep it running and earning money. Business plans often include a section dedicated to operations so that company founders understand the systems, equipment, people, and processes need to make the organization function.

There is 1 question to complete.