The Entrepreneurship Essentials Quiz

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5 Questions

According to Cantillon, what does an entrepreneur do?

Bears uncertainty, buys labor and materials, and sells products at uncertain prices

According to Schumpeter, what does an entrepreneur do?

Supplies new products; makes new techniques of productions; discovers new markets

According to Geoffrey Meredeth, what is a key ability of entrepreneurs?

Ability to see and evaluate business opportunities, gather necessary resources, and initiate appropriate action

What does Prof. Nathaniel Left imply about entrepreneurship?

It involves innovation, investment in expansion in new markets, products, and techniques

What is a characteristic of an entrepreneur according to the text?

Reasonable risk

Test your knowledge of entrepreneurship with this quiz. Explore the essential traits and roles of entrepreneurs, their innovative mindset, and their unique ability to identify and seize opportunities in the market.

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