Which of the following statements is the best description of an entrepreneur?
Which of the following best describes an entrepreneur? … An entrepreneur is a person who forms and operates a business.
Which of the following describes intrapreneurship?
The term intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or other organization. Intrapreneurs are self-motivated, proactive, and action-oriented people who take the initiative to pursue an innovative product or service.
What of the following best describe a hardworking entrepreneur?
(2) Hard Working
Generally, successful entrepreneurs are hard workers, and they also enjoy what they are doing. They are dedicated, driven, and focused. They are goal oriented and have a strong attention to detail. They are typically highly organized and have seemingly boundless energy.
Who is an imitative entrepreneur?
2. Imitative Entrepreneur. Imitative entrepreneurs are those who run their enterprises by imitating the successful innovations applied by innovative entrepreneurs. In other words, they do not have an interest in innovative activities, the same as that innovative entrepreneurs.
Which of the following is the best description of a typical business plan for a small business a business plan is a N?
A business plan is a(n): Question options: a) formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and provides details as to how and when the organization plans to achieve these objectives.
Which of the following are correct for an entrepreneur?
Entrepreneurs are those persons who seek to create value by starting new businesses with innovative products and services. Entrepreneurs are those people who seek to create value for local communities, people or customers by starting new ventures which exploit new products, processes or markets.
Which statement best describes the difference between an intrapreneur and an entrepreneur?
D. Intrapreneurs limit their efforts to financial investments, while entrepreneurs are involved in the management of all areas of a business.
What is meant by internal entrepreneur?
An internal entrepreneur is known as an intrapreneur (makes part of intrapreneurship) and is defined as “a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation”.
What is entrepreneurship in your own words?
Entrepreneurship is defined as the act of starting and running your own business or a tendency to be creative and wish to work for yourself in your own ventures. An example of entrepreneurship is a person who is running his own business. noun.
What makes an entrepreneur an entrepreneur?
They’re willing to innovate and take risks, to do things differently or introduce new ideas that will make things happen. They accept that setbacks and obstacles are inevitable on their journey, and not an excuse to give up. The most important traits for an entrepreneur are perception and purpose.
What characteristic of an entrepreneur describes being committed?
An entrepreneur who is truly committed simply cannot help themselves. They craft the perfect elevator pitch and will tell everyone they meet and anyone who will listen—and sometimes those who won’t—about their business.
What are the characteristics of entrepreneur Brainly?
If You Identify With These 10 Characteristics You Are Thinking Like An Entrepreneur!
- 1) Creativity.
- 2) Professionalism.
- 3) Risk-taking.
- 4) Passion.
- 5) Planning.
- 6) Knowledge.
- 7) Social Skills.
- 8) Open-mindedness towards learning, people, and even failure.
What is imitative entrepreneur example?
Answer: The imitative entrepreneurs will do business of an existing product in any other country. Example: Walton BD. has introduced its motorbikes, refrigerators, televisions and other electronic appliances in Bangladesh not being the original inventor of those products.
What is Fabian entrepreneurship?
Fabian entrepreneurs are those individuals who do not show initiative in visualizing and implementing new ideas and innovations wait for some development which would motivate them to initiate unless there is an imminent threat to their very existence. … Such entrepreneurs are shy, lazy and lethargic.
What are the key characteristics of imitative and Fabian entrepreneur?
Imitative: Imitative entrepreneur is also known as adoptive entrepreneur. He adopts successful innovation introduced by other innovators. Fabian: The Fabian entrepreneur is timid and cautious. He imitates other innovations only if he is certain that failure to do so may damage business.