Activity 2- Quiz

It refers to the capacity and willingness to create, organize, and run a business with all the risks and uncertainties that come with it and make a profit.

It is a developer or a designer who develops new ideas and business procedures in response to market demands and personal interests.

An entrepreneurial process begins with idea generation, wherein the entrepreneur identifies and evaluates business opportunities.

Is critical to the success of any new venture since it acts as a benchmark and the evaluation criteria to see if the organization is moving towards its set goals.

An entrepreneur decides on the future prospects of the business for its growth and development.

These are the ones who invent new ideas, new product, new production methods or process, discover potential markets, and reorganize the company’s structure.

The entrepreneur identifies the sources from where the finance and the human resource can be arranged.

It is a vital source of change in all aspects of society and a symbol of commercial persistence and achievement.

In 20th century, he is an economist used Say’s ideas as groundwork of his book The Theory of Economic Dynamics.

Those who immediately copy the new inventions made by innovative entrepreneurs.