1A Entrepreneurship

Question 1

Entrepreneurship Definition

Answer 1

An entrepreneur is an individual who sets up a business or business with the hope of making a profit. They take on the associated risks in order to satisfy a need in the market.

Question 2

List the skills of an entrepreneur

Answer 2

Management Skills
Problem-Solving Skills
Innovation
Creativity
Visionary

Question 3

When does entrepreneurship occur?

Answer 3

Entrepreneurship occurs when an individual or group accepts the challenge to meet market demands.

Question 4

What does the concept of entrepreneurship involve?

Answer 4

The concept of entrepreneurship involves multiple aspects such as the creation of the product and management of the business.

Question 5

What is entrepreneurship often associated with?

Answer 5

Entrepreneurship is often associated with technology, however, can be applies to any industry.