introduction to entrepreneurship
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6 Terms
ENTREPRENEURSHIP
the process of creating, launching and managing the business operations.
ENTREPRENEUR
an individual that develops new creation and assume the risk of setting up a business to produce product that will satisfy the customer needs and wants.
"All entrepreneur are business individual but not all business individual are entrepreneur"
The statement reflects the idea that while entrepreneurship is a subset of business activities, not every person engaged in business can be considered an entrepreneur.
All Entrepreneurs are Business Individuals:
Entrepreneurs can be business owners, founders of startups, or individuals leading new projects within existing organizations.
Not All Business Individuals are Entrepreneurs:
Business individuals encompass a broader category that includes various professionals and managers involved in business activities.