Entrepreneurship Elements: Environment & Entrepreneur
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Questions and Answers

What is a crucial element in creating a business, according to the entrepreneurial system?

  • The entrepreneur's skills
  • The project idea
  • A positive environment (correct)
  • Government support

    • What percentage of companies in most global economies are represented by small and medium enterprises?

  • 70%
  • 80%
  • 90% (correct)
  • 60%

    • What is the approximate percentage of small entrepreneurial projects that live for more than 10 years?

  • 20% (correct)
  • 10%
  • 15%
  • 25%

    • What is a consequence of a negative environment on entrepreneurial projects?

    <p>Project failure</p> Signup and view all the answers

    What are the qualities required by an entrepreneur to succeed in business?

    <p>Technical and administrative skills</p> Signup and view all the answers

    What is the typical lifespan of half of small entrepreneurial projects in developed countries?

    <p>18 months</p> Signup and view all the answers

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