ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the main difference between a business person and an entrepreneur?
A
Innovation
B
Work ethic
C
Intelligence
D
Professionalism
Explanation: 

Detailed explanation-1: -An entrepreneur is an individual having an exclusive idea to establish a new venture. A businessman is an individual who establishes a business with an old business idea.

Detailed explanation-2: -The main difference between innovation and entrepreneurship is that innovation involves introducing something new. This can be a new business model, product, idea, or service. On the other hand, entrepreneurship involves turning a great idea into a business opportunity.

Detailed explanation-3: -Entrepreneur vs Innovator Innovators create new products, services, or ways of doing things while entrepreneurs turn those ideas into viable businesses concepts.

Detailed explanation-4: -Entrepreneur vs. An entrepreneur runs their own company. They have complete freedom and responsibility–for better or for worse. An intrapreneur is responsible for innovating within an existing organization (usually a big one). While intrapreneurship is less risky, it also comes with less autonomy.

There is 1 question to complete.