Entrepreneurship 101
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Questions and Answers

What is the role of an entrepreneur?

  • To be the innovator of new products and services
  • To start a business
  • To innovate and create new ways of doing business (correct)
  • To take risks for growth and profit

    • Who described an entrepreneur as someone who searches for things to change and responds to it with new ideas and trends?

  • Peter Drucker (correct)
  • Economists
  • Business people
  • Economist Joseph Schumpeter

    • What do most economists and business people agree on regarding entrepreneurship?

  • It is about innovating and creating new products and services
  • It is about taking risks for growth and profit
  • It is only about starting a business
  • It is necessary for economic growth (correct)

    • What did economist Joseph Schumpeter study?

    <p>How entrepreneurs are motivated to innovate</p> Signup and view all the answers

    What is the common perception of entrepreneurship according to the text?

    <p>It is about starting a business</p> Signup and view all the answers

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