Definition of Entrepreneurship
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Questions and Answers

What is entrepreneurship defined as?

  • A spontaneous reaction to change
  • A flexible approach to business
  • An opportunistic strategy
  • A systematic innovation (correct)

    • What is the primary objective of entrepreneurship?

  • To minimize risk
  • To maintain the status quo
  • To maximize profits
  • To identify and analyze opportunities for innovation (correct)

    • What type of changes is entrepreneurship concerned with?

  • Gradual and incremental changes
  • Purposeful and organized changes (correct)
  • Random and unplanned changes
  • Rapid and revolutionary changes

    • What is the outcome of entrepreneurial activities?

    <p>Social innovation</p> Signup and view all the answers

    What is the entrepreneurial process characterized by?

    <p>A systematic analysis of opportunities</p> Signup and view all the answers

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