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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Identify the term which is not a barrier for Entrepreneurship.
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lack of technical skills
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lack of seed capital
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Time presence and distraction
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money
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Explanation:
Detailed explanation-1: -e) Team barrier is not a barrier of entrepreneurship.
Detailed explanation-2: -Four common barriers to entrepreneurship can be identified – inability to access finance, lack of human capital, lack of social capital and discrimination.
Detailed explanation-3: -Answer: d. Serial entrepreneurship is correct answer.
Detailed explanation-4: -Economies of scale. Product differentiation. Capital requirements. Switching costs. Access to distribution channels. Cost disadvantages independent of scale. Government policy. Read next: Industry competition and threat of substitutes: Porter’s five forces.
There is 1 question to complete.