12 Questions
What is an entrepreneur according to the definition?
A person who plans, organizes, and manages resources to bring a new enterprise into existence
What makes a product valuable according to the text?
When it solves a problem and is cost-effective
What is one of the rewards of being an entrepreneur?
The wellbeing of your consumer
What is one of the risks of being an entrepreneur?
Having to work long hours
What is one of the importance of entrepreneurship to a country?
It provides experience and work for people
What is entrepreneurship according to the text?
A process of innovating new methods to produce products and services by infusing all resources
What is a systematic innovation according to Peter Dracker?
A purposeful search for changes
What is a characteristic of a Founder or Pure Entrepreneur?
They conceptualize a business plan and put in effort to make it a reality
What motivates an Induced Entrepreneur?
Government policies, unemployment, and family support
What type of entrepreneur is involved in manufacturing a product?
Industrial Entrepreneur
What is a characteristic of a First Generation Entrepreneur?
They start a business by innovative skill
What is a characteristic of a Corporate Entrepreneur?
They demonstrate innovative skill in organizing and managing
Learn about the basics of entrepreneurship, including the definition of an entrepreneur, identifying business opportunities, and taking risks to bring a new enterprise to life.
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