7 Questions
What is entrepreneurship?
The ability to transform resources into goods or services for a fair profit
Which activity is NOT part of entrepreneurship?
Managing stocks in a warehouse
What does an entrepreneur's FIRST investment in a business enterprise typically involve?
An idea
What do raw materials represent in entrepreneurship?
Basic inputs used to create products
What does 'capital' refer to in the context of entrepreneurship?
Buildings and machinery used in production
What is the market in the context of entrepreneurship?
Buyers and users of the entrepreneur's product
Which of the following is NOT a behavior, skill, or attribute conducive to entrepreneurial development?
Risk aversion
Explore the fundamental concepts of entrepreneurship, including identifying opportunities, utilizing resources, and maximizing profits. Learn how to transform ideas into successful business ventures.
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