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Business > SA Entrepreneurship > Flashcards

SA Entrepreneurship Flashcards

1
Q

Entrepreneurs

A

The individuals who spot business opportunities and then act in order to exploit that opportunity

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2
Q

The individuals who spot business opportunities and then act in order to exploit that opportunity

A

Entrepreneur

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3
Q

Entrepreneurship

A

The activity of setting up a business or taking on financial risks in hope of profit

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4
Q

The activity of setting up a business or taking on financial risks in hope of profit

A

Entrepreneurship

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5
Q

4 advantages of being an entrepreneur

A

• company control
• work from anywhere
• flexible schedule
• rewarding career

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6
Q

4 disadvantages of being an entrepreneur

A

•personal responsibility
•financial risks
•personal stress
•recourse personal sacrifice

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