INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Entrepreneur
|
|
|
Entreprenuership
|
|
|
Entrepreners
|
|
|
Entrepreneurship
|
Detailed explanation-1: -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: -Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.
Detailed explanation-3: -Entrepreneurship is the creation or extraction of economic value.
Detailed explanation-4: -On the other hand, ‘entrepreneurship’ which refers to the process of establishing a business entity, intending to get profit, as a return in the future.
Detailed explanation-5: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items