5 Questions
What does entrepreneurship refer to?
The process of establishing a business entity with the intention of making a profit
Who is responsible for all the risks and rewards of a business venture?
Entrepreneur
What was introduced by Joseph Alois Schumpeter?
The concept of entrepreneurship
What does entrepreneurship play a huge role in, according to the text?
Development of a country in a continuously changing world and competitive global market
What is an entrepreneur defined as?
Someone who has the ability and desire to establish, administer, and succeed in a startup venture along with risk entitled to it, to make profits.
Test your knowledge of the fundamental concepts related to entrepreneurship with this quiz. Explore the definition of an entrepreneur, the process of establishing a business entity, and the innovative ideas behind successful ventures.
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