Entrepreneurship Is Defined as the Ability To

question 19

Multiple Choice

Entrepreneurship is defined as the ability to:

• A) organize and get something done.
• B) raise investment capital.
• C) earn above-average profits.
• D) minimize production costs.

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Definitions:

Scenario Analysis

A process of analyzing possible future events by considering alternative possible outcomes (scenarios), thereby helping decision-makers to anticipate and manage change.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them.

Strategy-making Modes

Different approaches through which organizations develop and implement strategies.

Farsightedness

The ability to anticipate and consider future consequences and trends in decision-making or planning, often associated with strategic thinking.