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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A juice bar decides to purchase trucks to sell juice on location during special events.
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A veterinarian invents and sells a device to prevent horse water troughs from freezing.
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A pumpkin farm offers pumpkin carving and costume contests to create more interest.
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A bakery creates a “cretzel, “ a cross between a crescent and a pretzel, as a new product.
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Detailed explanation-1: -A business venture is any entrepreneurial enterprise that’s created to make money. Yes, that encompasses a LOT of different things. Anything from restaurants to multimillion-dollar Silicon Valley tech startups to even the lemonade stand run by your neighbor’s kid can be considered a business venture.
Detailed explanation-2: -A single-location restaurant, one grocery shop, or a retail shop to sell your handmade goods would all be an example of small business entrepreneurship. These people usually invest their own money and succeed if their businesses turn a profit, which they live off.
Detailed explanation-3: -What is an Entrepreneurial Venture? Entrepreneurial venture can be defined as an organisation that places innovation and opportunism at its heart in order to produce economic or social value.
Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022