Entrepreneurship Is the Willingness to Take Risks and to Use

question 232

True/False

Entrepreneurship is the willingness to take risks and to use ideas to convert inputs into final products that are appealing to consumers.

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Definitions:

Apprenticeships

A form of on-the-job training in which junior employees learn a trade from an experienced person.

Strategic Plan

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Human Resources

The department within an organization that deals with the hiring, management, and development of employees.

Demand

The desire and ability of consumers to purchase goods and services at a given price.