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The Entrepreneurship Challenge
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The Entrepreneurship Challenge

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Questions and Answers

Which of the following is NOT a challenge faced by entrepreneurs?

  • Developing new products and services
  • Capacity of the workforce
  • Skills of the workforce
  • Availability of the workforce (correct)

    • What is entrepreneurship?

  • The act of creating a business to generate a profit
  • The act of discovering new ways of combining resources
  • The act of delivering products and services to customers
  • The act of starting a business (correct)

    • According to Russell S. Sobel, when does an entrepreneur make a profit?

  • When the market value generated is equal to the market value of individual resources
  • When the market value generated is less than the market value of individual resources
  • When the market value generated is the same as the market value of resources in other combinations
  • When the market value generated is greater than the market value of individual resources (correct)

    • What does an entrepreneur perceive everything as?

    <p>A chance</p> Signup and view all the answers

    According to Nicole Martins F., what is entrepreneurship?

    <p>The act of creating a business to generate a profit</p> Signup and view all the answers

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