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Introduction to Entrepreneurship and Key Theories Exam Questions and Correct Answers Latest Update (Graded A+) $7.99
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Introduction to Entrepreneurship and Key Theories Exam Questions and Correct Answers Latest Update (Graded A+)

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Introduction to Entrepreneurship and Key Theories Exam Questions and Correct Answers Latest Update (Graded A+) Entrepreneurship - Answers The process of starting and managing a business. Jean-Baptiste Say - Answers Defined entrepreneurs as coordinators of production factors. Schumpeterian Tradit...

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  • November 28, 2024
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Introduction to Entrepreneurship and Key Theories Exam Questions and Correct Answers Latest
Update (Graded A+)

Entrepreneurship - Answers The process of starting and managing a business.

Jean-Baptiste Say - Answers Defined entrepreneurs as coordinators of production factors.

Schumpeterian Tradition - Answers Focuses on innovation and paradigm-shifting changes.

Arbitrage - Answers Buying low and selling high to profit.

Richard Cantillon - Answers Identified entrepreneurs as risk-bearing market participants.

Kirzner's Theory - Answers Emphasizes alertness and opportunity recognition.

Knight's Theory - Answers Entrepreneurs are opportunists in uncertain situations.

Innovation - Answers Creation of new products or methods.

Creative Destruction - Answers Process of innovation disrupting existing markets.

Leibenstein's Theory - Answers Focuses on leadership and gradual product changes.

Entrepreneurial Traits - Answers Characteristics distinguishing entrepreneurs from others.

Social Development Model - Answers Influences of environment on entrepreneurial traits.

Trait Model - Answers Identifies specific traits of successful entrepreneurs.

Calculated Risks - Answers Informed decisions balancing potential losses and gains.

Proactive - Answers Taking initiative rather than waiting for opportunities.

Networking - Answers Building relationships for business opportunities.

Demand Forecasting - Answers Predicting future customer demand for products.

Business Plans - Answers Documents outlining business goals and strategies.

Sources of Funding - Answers Various means to finance startup ventures.

Valuation of Startups - Answers Determining the worth of a new business.

Incubators - Answers Organizations supporting startup development and growth.

Intrapreneurs - Answers Employees acting as entrepreneurs within a company.

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