Question
In: Economics
Define the term entrepreneurship as applied in business and briefly describe what it entails?
Define the term entrepreneurship as applied in business and briefly describe what it entails?
Solutions
Expert Solution
From the definition of the word entrepreneurship, that is Entrepreneurship is the process of identifying opportunities in the marketplace, arranging the resources required to pursue these opportunities, and investing the resources required to achieve the opportunities for long-term gains. The resources involve the products, new production methods, new markets, and new forms of organization. Entrepreneurship involves identifying what needs to be done taking action and benefiting from it.
An entrepreneur is a person who organizes operates and assumes the risk for a business venture.
Entrepreneurship is the process of identifying opportunities in the marketplace, arranging the resources required to pursue these opportunities, and investing the resources required to achieve the opportunities for long-term gains.
joseph irungu answered 2 years agoRelated Solutions
explain briefly * concept of Entrepreneurship * * Canvas business model * * Marketing in entrepreneurship...
explain briefly
* concept of Entrepreneurship *
* Canvas business model *
* Marketing in entrepreneurship *
What is meant by the term "double taxation" as applied to the corporate form of business...
What is meant by the term "double taxation" as applied to the
corporate form of business organization?
Question 6 options:
A)
Corporate income is taxed, and then shareholders are taxed on
the corporate dividends they receive.
B)
Corporations pay both income tax and sales taxes on their
goods.
C)
Corporate income is taxed at twice the rate of partnership
income.
D)
Corporations pay both Federal income tax and state income tax on
their earnings.
a. Define Entrepreneurship (Give three definitions and briefly explain them)(Max. 400 words) (30 Marks) b. Describe...
a. Define Entrepreneurship (Give three definitions and briefly
explain them)(Max. 400 words)
b. Describe its roles (e.g., its economic and social
contribution.(Max. 200 words)
c. SME Support Systems in Oman (The students should
identify:
i. two SME support systems in the Sultanate of Oman, ii. the
kind of ventures they support;
iii. The amount of finance/funding they provide; and iv. the
qualifying criteria.)(Max. 350 words)
d. Briefly discuss the key issues in setting-up and running a
small business (Briefly discuss...
Briefly define what asylum is and describe the history behind it
Briefly define what asylum is and describe the history behind
it
Define the term ‘business’. How has the concept of ‘business’ over the years? What is the...
Define the term ‘business’. How has the concept of ‘business’
over the years? What is the difference between the act of ‘doing
business’ and ‘a business’? What will the concept of ‘business’
look like in the future? Why? Please discuss.
Briefly define and describe the EITF
Briefly define and describe the EITF
Briefly explain what the term "agglomeration economies" refers to and briefly describe what the fundamental reason...
Briefly explain what the term "agglomeration economies" refers
to and briefly describe what the fundamental reason for the
development of this particular type of econorny relates to. From
Oman economy please provide two examples of factors associated with
agglomeration economies and Identify what these factors help to
explain. Identify two factors that would lead to diseconomies and
briefly explain how the future of many of the world's cities will
be likely be determined. answer all the parts in the question...
Briefly explain what the term "agglomeration economies" refers to and briefly describe what the fundamental reason...
Briefly explain what the term "agglomeration economies" refers
to and briefly describe what the fundamental reason for the
development of this particular type of economy relates to. From
Oman economy please provide two examples of factors associated with
agglomeration economies and identify what these factors help to
explain. Identify two factors that would lead to diseconomies and
briefly explain how the future of many of the world's cities will
be likely be determined.
Could you please write on your own...
Please define and briefly describe the term GDP, provide the expenditure approach formula to measure GDP...
Please define and briefly describe the term GDP,
provide the expenditure approach formula to measure GDP and answer
the three questions related to GDP below.
GDP:
Formula (Expenditure Approach):
____________________________________________
____________________________________________
As per the definition of GDP, if Mohammed Qhatani, a Saudi
Citizen, develops a successful app in the US, the GDP of Saudi
Arabia:
□
Increases
□
Decreases
□ Stays constant
As per the Expenditure Approach Formula, if you purchase an
iPhone (produced abroad, assume no local retail...
Briefly define the term microallocation. Describe the two approaches. Which you think one approach is more...
Briefly define the term microallocation. Describe the two
approaches. Which you think one approach is more favorable (or
just) than the other? Why?
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Why do we compare means instead of individual scores? for comparing average SAT test scores across...
- NPV Your division is considering two projects with the following cash flows (in millions): 0...
- The equivalent synchronous impedance of a 25kVA, 400V three-phase Y-connected synchronous generator is 0.05 + j1.6...
- You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You...
- In two or three sentences, explain how you have seen the concept of grit work in...
- You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella Co.,...
- Parallel Arrays This question is in MindTap Cengage Summary In this lab, you use what you...
ADVERTISEMENT