ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An entrepreneur is a person who
A
provides funding for business
B
starts a new business
C
works for a major corporation
D
is looking for a new job
Explanation: 

Detailed explanation-1: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Detailed explanation-2: -An entrepreneur is an individual who identifies a need in the marketplace and works to fulfill it. The term, historically, has been applied to an individual who starts a business, seeing the ability to fulfill that identified need as an economic opportunity.

Detailed explanation-3: -Meaning of Entrepreneur An entrepreneur is an individual having an exclusive idea to establish and initiate a new venture and bring a change in the world. An entrepreneur is highly innovative and creative, takes a risk, and endures unpredictable situations in the business.

Detailed explanation-4: -An entrepreneur is someone who starts a new business. Little stores and huge companies both have entrepreneurs behind them.

Detailed explanation-5: -What is an entrepreneur? An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

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