INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following factors distinguishes an entrepreneur from a traditional business owner?
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Wealth
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Ability to innovate
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Number of start ups
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Employment status
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Explanation:
Detailed explanation-1: -The main difference between innovation and entrepreneurship is that innovation involves introducing something new. This can be a new business model, product, idea, or service. On the other hand, entrepreneurship involves turning a great idea into a business opportunity.
Detailed explanation-2: -What distinguishes an entrepreneur from a small business owner or manager? Entrepreneurship is more innovative, risky, has an uneven flow of income, and income comes very quickly within 5 years.
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