Entrepreneurship Basics

Kaldor’s Theory states that technology is an essential factor in ______

Leibenstein’s Theory emphasizes that entrepreneurs must be responsible for recognizing ______ trends

ENTREPRENEURSHIP is the art of observing correct practices in managing and operating ______-owned wealth-creating business enterprise

Kirzner’s Theory highlights that entrepreneurs must be alert and spontaneous in ______

ENTREPRENEUR is an individual who accepts some sort of risk usually financial in pursuit of new ______

Entrepreneurship and small business differentiation includes the perception of risk where one either faces risk or ______ risk

THE CORE MEANING of an entrepreneur is a person who conceives and initiates the ______ idea

Misconception about the importance of entrepreneurship includes the belief that it only applies to ______

ENTERPRISE – the business being undertaken by the ______

Sources of entrepreneurial ideas can come from changes in the environment, technological discovery, government programs, and personal experience and ______

ENTREPRENEURIAL SKILL – a skill of a person who likes to innovates and puts his or her own ______

INTRAPRENEUR – an entrepreneur or a hired employee within an organization who innovates products for the ______