INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Development Capital
|
|
|
Structured Capital
|
|
|
Human Capital
|
|
|
Seed Capital
|
Detailed explanation-1: -Innovative entrepreneurs face special issues in raising (c) human capital.
Detailed explanation-2: -Innovation is vital to your company’s success in today’s highly competitive business environment, especially as customers become more demanding and savvy. Entrepreneurs need an edge to survive and stand out. Innovation can provide that edge-boosting your productivity, growth and profitability.
Detailed explanation-3: -Innovative entrepreneurs are individuals who have the capability of creating and bringing innovative products to the market. Innovative entrepreneurship can help professionals develop ideas to successfully manage businesses. Understanding this concept can help you become a successful entrepreneur.
Detailed explanation-4: -According to Schumpeter, innovative entrepreneurs would: Thrive in the market. Not survive and disappear from the market.