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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eliminate the need to pay taxes
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reduce the need for financial records.
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run their businesses with no resources
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operate their businesses entirely from their computers
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Detailed explanation-1: -One of the biggest advantages of modern tech tools is their ability to collect data. By learning more about your customers or the efficiency of your processes, you can make key changes to your business to improve your profitability.
Detailed explanation-2: -Technical Entrepreneur Such entrepreneurs are called technology entrepreneurs who use to start and continue industries primarily based on science and technology. These entrepreneurs develop new ideas and turn those ideas into technology-based innovations and inventions.
Detailed explanation-3: -Business people can use technological solutions to provide better service to the customer. The better service will lead to more customers, eventually leading to an increase in the revenues. Technological advancement is arguably the best thing you can offer to your business model because there are many advantages to it.
Detailed explanation-4: -Technical Entrepreneur: The entrepreneurs who establish and run science and technology-based industries are called ‘technical entrepreneurs.