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Questions and Answers
Which term refers to the process of designing, launching, and running a new business?
Which term refers to the process of designing, launching, and running a new business?
- Innovation
- Small business
- Extraction of economic value
- Entrepreneurship (correct)
What is the main characteristic of an entrepreneur?
What is the main characteristic of an entrepreneur?
- They avoid taking risks
- They only focus on economic values
- They invest in existing businesses
- They bear most of the risks and enjoy most of the rewards (correct)
How is entrepreneurship different from starting a regular business?
How is entrepreneurship different from starting a regular business?
- It requires less innovation
- It focuses solely on economic values
- It has no difference
- It involves more risk (correct)
What is the role of an entrepreneur in the business world?
What is the role of an entrepreneur in the business world?
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What is entrepreneurship often compared to?
What is entrepreneurship often compared to?
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