Question

Define entrepreneurship in your own words without using the internet.

and
Distinguish between net profit and sales. Answer both these questions without using the internet. Answer them in your own words please.

Answer 1

1.While the definition of entrepreneurship has stayed constant for decades, the possibilities for wannabe entrepreneurs have evolved. Think about it: 100 years ago, what options did an entrepreneur have? If you didn’t have the skill to make something, and didn’t have the capital to buy something, you were out of luck. Fast forward to today, and there are 582 million entrepreneurs in the world.

The options available to entrepreneurs today have exploded. Thanks to technology like Shopify and, yes, Oberlo, the barriers to enter entrepreneurship have been removed. That’s a big reason why, according to Google, usage of the term looks like this: image.

This post takes a closer look at what it means to be an entrepreneur. You’ll also hear from some modern-day entrepreneurs who explain how they took the leap, and how you can too.

2.Recognizing and reporting revenue are critical and complex problems for accountants. Many investors also report their income, and the difference between net and gross revenue for a small business (of one) can have significant income tax repercussions if handled incorrectly. There are many gray areas in both recognition and reporting, but, ultimately, all earned income from sales transactions falls into gross or net categories.

hope it helps you........

Please mark it BRAINLIEST Dude............

Answer 2

Answer:

hey freind

here's ur anwer!

entrepreneurship is defined as the capacity and willingness to develop.

insimple words we can say that to start any business by taking financial risks for profitt..

Explanation:

hope it helped u

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