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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Looking at problems from various points of view helps a small-business owner develop
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Practical arguments
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Creative solutions
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Unnecessary conflicts
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Unpredictable results
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Explanation:
Detailed explanation-1: -Innovative entrepreneurship Innovative entrepreneurs are people who constantly have new ideas and inventions that they turn into business ventures. Their aim is to change the way people live for the better, making their products and services stand out from the rest on the market.
Detailed explanation-2: -The key objective of a small business is to generate profits. However, as the owners are not keen on evaluating and taking up new business opportunities, they have limited profit-making ability. The most popular kinds of small businesses are sole proprietors and partnerships.
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