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Questions and Answers
What is entrepreneurship defined as?
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?
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?
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?
What is the outcome of entrepreneurial activities?
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What is the entrepreneurial process characterized by?
What is the entrepreneurial process characterized by?
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