An Entrepreneurial Mindset Is Marked By

question 19

Multiple Choice

An entrepreneurial mindset is marked by:

• A)imagination,initiative,the ability to reflection upon capabilities,focusing on opportunities and being holistic
• B)lack of imagination,creativity and action
• C)copying new opportunities
• D)being aware of economic trends

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Definitions:

Outsourcing

The practice of hiring external companies or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the business's core competencies.

Offshoring

The practice of relocating business processes or services to another country, often to take advantage of lower labor costs or favorable regulatory environments.

Cost Reduction

Strategies or measures implemented to lower expenses and improve efficiency within an organization or project.

Financial Gains

Increases in wealth or income, typically resulting from investments, business operations, or other economic activities.