INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is used at times as a vehicle to generate some ideas.
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2. An enterprise is an already formed business organization that offers some goods or services, etc
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3. The enterprise is some business structure/object that usually carries out some commercial activity, creates new job positions, gains some profits
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4. An enterprise structure, culture, core competence, and endurance can be residuals of particular human beings striving to forge
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Detailed explanation-1: -An enterprise is defined as a legal entity possessing the right to conduct business on its own, for example to enter into contracts, own property, incur liabilities and establish bank accounts. An enterprise may be a corporation, a quasi-corporation, a non-profit institution, or an unincorporated enterprise.
Detailed explanation-2: -Characteristics of entrepreneurship FAQ Business owners share many of the same entrepreneur characteristics: leadership, vision, discipline, curiosity, creativity, adaptability, and the ability to take measured risks. Developing these traits can help you become successful when launching your business.
Detailed explanation-3: -The correct answer is Option 4. An entrepreneur incorporates his/her innovative ideas to work. He/She is also a motivator as they inspire/motivate his/her teammates to get their work done. He/She must be goal-oriented as without a fixed goal the work cannot be done.
Detailed explanation-4: -Sole Proprietorship. Partnership. Private Limited Companies (Ltd.) Public Limited Companies (PLC) 10-Jun-2021