10 Questions
The word “entrepreneur” was derived from the French verb ______, which means “to undertake” the risk of enterprise
enterprende
The enterprise is created by an entrepreneur and the process is called _____
entrepreneurship
Entrepreneurs are _____
innovators
this means that one of the benefits an entrepreneur gets is to develop his managerial skills.
development of Managerial Capabilities
which means that because of entrepreneurship many organizations will exist.
creation of organizations
this means that entrepreneurship can lift up the economic status of an individual.
improving standard of living
this means that not only the life of the entrepreneur is improved but also the society where the business is located
means of economic development
doing things even before being told.
initiative
which means he can classify opportunities and seize it.
proactive
which means he can retain good relations with other people.
problem solver
Study Notes
Entrepreneurship Definition
- The word "entrepreneur" originates from the French verb "to undertake", meaning to take on the risk of an enterprise.
Entrepreneurial Process
- The enterprise is created by an entrepreneur, and the process is called entrepreneurship.
Characteristics of Entrepreneurs
- Entrepreneurs are individuals who develop their managerial skills through the process of entrepreneurship.
- They are proactive, doing things even before being told.
- They can classify opportunities and seize them.
- They can retain good relations with other people.
Impact of Entrepreneurship
- Entrepreneurship leads to the creation of many organizations.
- It can lift up the economic status of an individual.
- It not only improves the life of the entrepreneur but also the society where the business is located.
Test your knowledge on the origin of the term "entrepreneur" which was derived from a French verb meaning "to undertake".
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