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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Pure
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Induced
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Motivated
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Spontaneous
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Detailed explanation-1: -Spontaneous Entrepreneur: These entrepreneurs start their business because of their natural talents.
Detailed explanation-2: -Spontaneous Entrepreneurs They are persons with initiative, boldness and confidence in their ability which motivate them to undertake entrepreneurial activity.
Detailed explanation-3: -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-4: -Intrapreneurs are people who think and act like entrepreneurs, while working for a larger organization. To be an intrapreneur, you need to put your individuality to good use to develop innovative new products or ideas that can benefit your company.
Detailed explanation-5: -Monetary gains, more freedom, more authority, and creative control are the four motivations of an entrepreneur.