INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -An entrepreneur is an individual who takes an idea or product and creates a business, a process known as entrepreneurship.
Detailed explanation-2: -It is true that entrepreneurs are the creators of jobs for people. Explanation: Entrepreneurs are business people, the business can be small, medium or large, they all need workers.
Detailed explanation-3: -Even with the right idea, money, and time, not all businesses turn out to be successful. Only a fraction of all entrepreneurs become successful.
Detailed explanation-4: -They don’t think about work-life balance. They don’t try to be what they’re not. They don’t do it for the money. They don’t have day jobs. They don’t give in to fear. They don’t have grand visions. They don’t have virtual mentors. 04-Nov-2013