Question

46. Entrepreneurship can be defined as:
(A) The act of initiating, creating, building, expanding and sustaining a venture and gathering The necessary
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
(B)
The act of creating, building, expanding and sustaining a venture, building an entrepreneurial team and
gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and
capital gain
(C)
The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial
team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term
wealth and capital gain
(D) The act of initiating, creating, building, building an entrepreneurial team and gathering the necessary
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain

Answer 1

Answer:

Hope it helps...........

Explanation:

D - / The act of initiating, creating,

building, building an entrepreneurial team and gathering the necessary resources to get an opportunity in the marketplace for long-term wealth and capital gain.

Answer 2

The act of initiating creating building and managing an entrepreneurial team and gathering the necessary resources to exploit an opportunity in the Marketplace for long term wealth and capital gain.

• An entrepreneur is a person who starts his own business and takes various financial risks with the expectation of earning profits.
• They are concerned with all the problems related to starting up a business and managing it in an efficient manner. Right from raising funds to employing the right team, the entrepreneur has to make sure that everything is in its right place.
• A manager is the employee of a business firm who is appointed by the entrepreneur. He does not takes any financial risk but works with the expectation of a fixed salary.