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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Aims to achieve the highest profits for shareholders
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A social enterprise is owned by one person
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A social enterprise has ethical considerations at his heart, for the benefit of society.
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A social enterprise is two or more people working together.
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Detailed explanation-1: -What Is a Social Enterprise? A social enterprise or social business is defined as a business with specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment, and the profits are principally used to fund social programs.
Detailed explanation-2: -Social enterprises are businesses that put the interests of people and planet ahead of shareholder gain. These businesses are driven by a social/environmental mission and reinvest profits into creating positive social change.
Detailed explanation-3: -A social enterprise refers to a business or a commercial organization whose main objectives are social and environmental impacts. A social enterprise generates income by maximizing all potentials that will have positive social and environmental impacts on the community.
Detailed explanation-4: -“Social enterprises trade to tackle social problems, improve communities, people’s life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community. And so when they profit, society profits.”
Detailed explanation-5: -Stronger Customer and Client Relationships. Greater Employee Motivation and Retention. Increased Creativity. Increased Productivity. Enhance Brand Awareness and Reputation. 29-Sept-2020