INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What motivates entrepreneurs to succeed?
|
|
1. their own need to make as much money as possible.
|
|
|
2. Very limited product’s demand motivates the individuals to succeed
|
|
|
3. The hope of success in pursue of their purpose makes them produce innovative products or substitute products, some entrepreneurs fulfil the market demand by producing complementary goods also.
|
|
|
4. Government policies motivate entrepreneurs to succeed
|
Explanation:
Detailed explanation-1: -Entrepreneurial Motivating Factors Desire to do something new. Become independent. Achieve what one wants to have in life.
Detailed explanation-2: -Successful entrepreneurs are driven, ambitious and willing to take risks others won’t. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.
Detailed explanation-3: -Reason 1: Achievement, Challenge, & Learning. Reason 2: Independence & Autonomy. Reason 3: Income Security and Financial Success. Reason 4: Recognition and Status. Reason 5: Family. Reason 6: Dissatisfaction with Current Work Arrangements. Reason 7: Community and Social Motivation. 27-Jan-2016
There is 1 question to complete.