Chapter 1 Flashcards
1
Q
Where word ‘entrepreneur’ comes from and what is its meaning
A
It is french word and its meaning is “go-between”
2
Q
Who invented royal bank
A
John Lo
3
Q
Who defined modern entrepreneurship
A
Cantilon
4
Q
Investor of entrepreneur called what
A
Venture Capitalist
5
Q
What is innovation
A
The act of introducing something new is innovation
6
Q
What is entrepreneurship
A
Entrepreneurship is the process of creating something new with a value by devoting the necessary time and efforts
7
Q
What are types of entrepreneur
A
- Technical
- Imitating
8
Q
What are Entrepreneur decisions
A
Process from moving one to second
9
Q
What are 3 constants of entrepreneur
A
- Initiative
- Accomplishment
- Risk factor
