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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cannot find good quality training programs
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have a more difficult time finding employees
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do not have equal access to capital
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do not have as much management experience as men
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Detailed explanation-1: -Women-owned businesses may be smaller than those owned by men because they: cannot find good quality training programs. have a more difficult time finding employees.
Detailed explanation-2: -Unconscious gender bias is defined as “unintentional and automatic mental associations based on gender, stemming from traditions, norms, values, culture and/or experience, ‘’ and has been found to be a key factor impeding the progress of women entrepreneurs.
Detailed explanation-3: -Professional Mentorship: one of the reasons for the low representation is the fact that many aspirant women fail to get the right, professional mentorship from industry leaders that can help them unlock their business ideas, gain knowledge and experience to grow.
Detailed explanation-4: -Women-Owned Business Statistics These are the statistics on women-owned businesses you need to know. 42% of all U.S. businesses are owned by women (13 million). Women-owned businesses employ over 9.4 million workers. Women are three percentage points more likely to start a business than men.