28. Entrepreneurship
1. Choose the correct option:
1. c) Ability to take risks and face uncertainty
2. a) It involves creating completely new products or services or finding better ways to do things
3. b) It allows entrepreneurs to overcome obstacles and learn from mistakes
4. b) To respond to changes in markets, consumer preferences, and technology
2. Mark the following statements as true or false:
1. False
2. False
3. True
4. True
3. Answer the following questions:
1. Risk-taking is important in entrepreneurship because it involves investing time, money, and resources into new ventures without guaranteed success, allowing for the potential of innovation and profit.
2. Entrepreneurs use innovation to solve existing problems in new ways, create new products or services, and improve business models, which can open up new markets and opportunities.
3. Entrepreneurs might face challenges such as financial difficulties, competition, failure to attract customers, and multiple failures before achieving success.
4. Adaptability helps entrepreneurs succeed in changing environments by allowing them to adjust their strategies and plans to respond to market changes, consumer preferences, and technological advancements.
