INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is an important reason or incentive that entrepreneurs have for starting their own businesses.
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The competition.
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The profit motive.
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The ability to pay cheaper taxes.
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Government regulations.
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Explanation:
Detailed explanation-1: -Motivated Entrepreneurs They come into being because of the possibility of making and marketing some new product for the use of customers. If the product is developed to saleable stage, the entrepreneur is further motivated by reward in terms of profit.
Detailed explanation-2: -Rewards. Not everyone defines reward the same way. Being your own boss. When you start a business and are self-employed, you are your own boss and ultimately control your own destiny. Income. Flexible hours. Purchasing an existing business.
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