ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
AN INDIVIDUAL WHO INITIATES, CREATES AND MANAGES A NEW BUSINESS CAN BE CALLED
A
A LEADER
B
A MANAGER
C
A PROFESSIONAL
D
AN ENTREPRENEUR
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 starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-3: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-4: -A solopreneur is a type of entrepreneur that starts a business planning to be the sole employee doing all the work. Freelancers and contractors can also be solopreneurs if they work alone.

Detailed explanation-5: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)

There is 1 question to complete.