ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When entrepreneurs spot an opportunity to trade and make a difference to society?
A
Business enterprise
B
Trade enterprise
C
Organic enterprise
D
Social enterprise
Explanation: 

Detailed explanation-1: -Entrepreneurship is creative and forward thinking. Although businesses run on money, entrepreneurs are often focused on a great deal more than their bottom line. They contribute to society by leading the way and by finding innovative solutions to practical, financial and social issues.

Detailed explanation-2: -Typically, opportunities in social entrepreneurship are based on the need to create social value which benefits the local community. A social enterprise usually does this by solving a problem or providing assistance in an area of need or disadvantage.

Detailed explanation-3: -Social entrepreneurs seek innovative ways to drive change, whereas social enterprises form to fulfill a business purpose and solve societal needs through their commercial activities.

Detailed explanation-4: -Social enterprises have the opportunity to be supported by experts in areas such as business strategy, accessing government financial support, managing human resources and legal support, based on their business needs.

There is 1 question to complete.