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What is the primary objective of entrepreneurship?
What is the primary objective of entrepreneurship?
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Practice Questions
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Q1
What is the primary objective of entrepreneurship?
To minimize risk
To create new business opportunities
To maintain existing businesses
To follow established business models
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The primary objective of entrepreneurship is to create new business opportunities and innovate.
Questions & Step-by-step Solutions
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Q
Q: What is the primary objective of entrepreneurship?
Solution:
The primary objective of entrepreneurship is to create new business opportunities and innovate.
Steps: 5
Show Steps
Step 1: Understand that entrepreneurship is about starting new businesses.
Step 2: Recognize that entrepreneurs look for new ideas or ways to improve existing products or services.
Step 3: Realize that the main goal is to create opportunities for themselves and others.
Step 4: Know that innovation is key, meaning entrepreneurs often come up with new solutions or approaches.
Step 5: Conclude that the primary objective is to create new business opportunities and innovate.
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