Question

entrepreneurship can best be described as​

Answer 1

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

Complete question:

Entrepreneurship can best be described as _________.

A) a process that requires setting up a business.

B) taking a significant risk in a business context.

C) having a strong vision.

D) a process involving innovation, new products or services, and value creation.

Entrepreneurship can best be described as D) a process involving innovation, new products or services, and value creation.

Entrepreneur:

An entrepreneur is somebody who organises, manages, and carries the risks of a company or business. 

Entrepreneurship:

• Entrepreneurship is the process of coming up with new ways to combine resources.
• Whenever the market price created by this new set of resources exceeds the market value generated by such resources independently or in other combinations, the entrepreneur makes money.

Four types of entrepreneurial organizations:

There are 4 types of entrepreneurial organisations:

1. small businesses
2. scalable startups
3. large corporations
4. social entrepreneurs