Reviewer sa Entrep

The process of identifying potential business opportunities and capitalizing on them by recombing existing resources or creating new ones to develop and commercialize new products and services.

• entrepreneur

• entrepreneurship

• business

• constitution

is the ability to create and construct something from practically 'nothing'. Fundamentally, this is a human creative act: the use of energy to start and grow a business.

• entrepreneur

• entrepreneurship

• business

• constitution

The term entrepreneur is derived from the French word "entreprendre," which

means to __________.

• understand

• understake

• undertake

• understock

a person who innovates, takes risks, and produces value in the form of new

products and services.

• businessmen

• opportunist

• entrepreneurs

• workers

characteristic of an entrepreneur that are constantly on the lookout for potential opportunities

and are quick to recognize and seize them.

• a passion for hardwork

• an eye for an opportunity

• self confidence

• need to achieve

a characteristic of an entrepreneurs that make decisions under uncertainty, so they are willing to take risks, but they never gamble with the outcome. They choose to take a moderate risk rather than a wild gamble. They take calculated risks that are high enough to be exciting but have a reasonable chance of winning.

• profit focused

• risk bearing

• creative

• locus of control

characteristics of entrepreneurs that begin by working long, hard hours with little downtime. Entrepreneurs never stop working, even when everyone else does. They are determined and firmly believe that working hard will help them achieve their objectives. They thus concentrate on the end result.

• self confidence

• locus of control

• a passion for hardwork

• creative

characteristics of entrepreneurs that are always aware of the profit margin and

understand that profits are the primary measure of business success.

• locus of control

• a eye for opportunity

• profit focused

• risk bearing

characteristics of entrepreneurs that majority of successful entrepreneurs are confident in their ability to achieve realistic and challenging goals. They enter the business or industry with a high level of self-

confidence. This, combined with a sense of effectiveness, will eventually contribute to the venture'ssuccess.

• risk bearing

• self confidence

• locus of control

• creative

characteristics of entrepreneurs that are constantly working on introducing new products, new manufacturing methods, expanding into new markets, and reorganizing the business. They never settle for the conventional and routine way of doing things, but instead strive to improve them.

• locus of control

• need to achieve

• profit focused

• creative and innovators