Understanding Entrepreneurship Definition
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Understanding Entrepreneurship Definition

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Questions and Answers

What is the main focus of entrepreneurship according to the text?

  • Maximizing profits at any cost
  • Avoiding risks in business ventures
  • Following market trends blindly
  • Creating new products or services (correct)

    • Where can the origin of the term 'entrepreneurship' be traced according to the text?

  • Italian words related to business management
  • German words for business risk-taker
  • Spanish words for small business owner
  • French words meaning 'one who undertake' (correct)

    • What is one of the characteristics of an entrepreneur based on the text?

  • Taking the risk of managing a business (correct)
  • Ignoring employees and customers
  • Avoiding any form of change or innovation
  • Focusing solely on personal profit

    • How does entrepreneurship relate to opportunity according to the text?

    <p>Entrepreneurs are always seeking opportunities to meet needs</p> Signup and view all the answers

    What does the text suggest about change in entrepreneurship?

    <p>Entrepreneurship involves introducing something new or novel</p> Signup and view all the answers

    How does an entrepreneur differ from a traditional businessman based on the text?

    <p>An entrepreneur is only focused on profit, while a businessman cares about employees and customers</p> Signup and view all the answers

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