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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ENTREPRENEUR REFERS TO
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PERSON
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FUNCTION
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BOTH PERSON AND FUNCTION
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TECHNOLOGY
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Explanation:
Detailed explanation-1: -3. Functions of Entrepreneurship. The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.
Detailed explanation-2: -An entrepreneur takes a new business idea and starts a company to bring that idea to market. An intrapreneur is an employee who channels that same creativity and innovation to develop new products and services-and sometimes even markets-for an employer.
Detailed explanation-3: -Developing a new product. Taking over a competitor’s business. Issuing shares to individuals and institutions. Lowering prices of your product or service.
There is 1 question to complete.