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Questions and Answers
What is the primary focus of entrepreneurship?
What is the primary focus of entrepreneurship?
- Providing services to the community
- Minimizing risks and maximizing rewards
- Creating employment opportunities (correct)
- Maximizing profits and minimizing costs
Which characteristic is essential for successful entrepreneurship?
Which characteristic is essential for successful entrepreneurship?
- Having a fixed business plan that never changes
- Adapting to changing market trends (correct)
- Avoiding failure at all costs
- Relying solely on personal skills and knowledge
What is a common challenge faced by entrepreneurs?
What is a common challenge faced by entrepreneurs?
- Unlimited access to skilled labor
- Guaranteed success from the start
- Lack of competition in the market
- Limited financial resources (correct)
