Question

Demonstrate understanding of the term “entrepreneurship

Answer 1

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Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit. The more modern entrepreneurship definition is also about transforming the world by solving big problems.

Answer 2

Starting with practically nothing, an entrepreneur is one who organizes a new venture, manages it, and assumes the associated risk. ... An entrepreneur's principal objectives are profit and growth, and they will employ formal strategic management practices to achieve them.