GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Everyone who owns a business is an entrepreneur.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-2: -Another great maxim about entrepreneurship is – all entrepreneurs are businessmen, but not all businessmen are entrepreneurs. An important point to note is that an entrepreneur brings new ideas to the table that can solve existing problems, both old and new, adding real value to the marketplace.

Detailed explanation-3: -false. Everyone who owns a business is an entrepreneur. false. In the United States, nearly as many small businesses close as begin each year.

There is 1 question to complete.