Which of the statement best describes the context of Entrepreneurship?

What describes the context of entrepreneurship?

Entrepreneurship is the recognition, evaluation and pursuit of opportunity in diverse contexts (Christensen, Madsen & Peterson 1989). It is expressed in observable behavior such as founding an organization (profit or non-profit) or leading a project within an organization to pursue an opportunity.

Which of the statement best describes the content of entrepreneurship?

Entrepreneurship takes place in small businesses. Entrepreneurship takes place in large businesses. Entrepreneurship takes place in a wide variety of contexts. Entrepreneurship does not take place in social enterprises.

Which of the following sentence is inconsistent in the context of entrepreneur?

According to Schumpeter, Is the most important function of a modern entrepreneur.

Q. Which of the following sentence is inconsistent in the context of entrepreneur:
B. He is risk taker
C. He operates production activities

What is the need of entrepreneurship?

Entrepreneurship Accelerates Economic Growth

Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development.

Which of these is not a type of entrepreneurship?

Serial entrepreneurship is correct answer.

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Which of the following are the characteristics of entrepreneurship?

10 Characteristics of a Successful Entrepreneur

  • Creativity.
  • Professionalism.
  • Risk-taking.
  • Passion.
  • Planning.
  • Knowledge.
  • Social Skills.
  • Open-mindedness towards learning, people, and even failure.

Who is considered an entrepreneur?

An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.

Which of the following is not a function of an entrepreneur?

While an entrepreneur needs to be innovative while planning and deciding upon business activities as to fulfill the public demand but it is not his duty to innovate new technology or products. Thus innovation is not a function to be performed rather an essential characteristic of a successful entrepreneur.