Role of business enterprise and entrepreneurship Flashcards
1
Q
why do businesses exist ?
A
To provide the customers with services or products they need
2
Q
What is an Entrepreneur ?
A
Someone who starts their own business in order to make profit.
3
Q
What are few characteristics of an entrepreneur ?
A
- self - confidence = allows you to overcome
challenges - Vision = spot good opportunities
- Adaptability = adapt to the environment
they are working in - Decision making = be able to decide what’s
good for the businesses benefit.
4
Q
What are the risks of being an entrepreneur ?
A
- financial risk = they may invest money but
not make any sales later on. - Health risks = too stressful
- competition
5
Q
What are the rewards of being an entrepreneur ?
A
- Profit
- Recognition
