BTECH 5MX

it means “ to undertake"

• Entrepreneur

• Entrepreneurship

Answer explanation

originates from the French word entrepredere. in business sense, it means to start a business.

the act or process of introducing or starting new organizations, particularly new businesses, generally in response to identified opportunities.

• Entrepreneurship

• Innovation

act of introducing something new based on existing products on the market, purposely to satisfy an emergent need, passion, or situation in a business environment

• Innovation

• Risk

events or conditions posing the possibility or threat of damage, injury, liability, loss, or any other negative occurrence in the business cycle caused by external or internal factors that can be prevented by readiness and appropriate preparations

• Risk

• Customer or client

ndividual, organization, or entity who demands and pays for goods and services offered in the market as a result of identified needs

• Customer or client

• Economy

system by which the production and consumption of goods and services are based and organized in a country or community

• Economy

• Selling

a business process through which sellers release the goods or render services to customers by means of acceptable medium of exchange such as money

• Selling

• Trend

practice or interest that is very popular for a short period of time

• Trend

• Selling

The simplest and most common form of business ownership, sole proprietorship is a business owned and run by someone for their own benefit. The business’ existence is entirely dependent on the owner’s decisions, so when the owner dies, so does the business.

• Single proprietor or owner

• Partnership

hese come in two types: general and limited. In general partnerships, both owners invest their money, property, labor, etc. to the business and are both 100% liable for business debts. In other words, even if you invest a little into a general partnership, you are still potentially responsible for all its debt.

• Partnership

• Corporations

Answer explanation

General partnerships do not require a formal agreement—partnerships can be verbal or even implied between the two business owners.