Entrepreneurship Is a Constant Process That Relies on ________

question 32

Multiple Choice

Entrepreneurship is a constant process that relies on ________.

• A)creativity, innovation, and profit
• B)the ability to win over the consumer
• C)creativity, innovation, and application in the marketplace
• D)intellectual property rights

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Definitions:

Externalities

Monetary consequences or side effects that touch upon third parties not directly engaged, with potential for both positive or negative outcomes.

Private Bargaining

Private bargaining refers to the negotiation process between individuals or private entities without external intervention, aimed at reaching mutual agreements or resolving disputes.

Laissez-faire Style

A leadership or management style characterized by minimal direct supervision, allowing employees significant autonomy in their day-to-day operations.

Task

A specific assignment or piece of work to be done, usually as part of broader duties or projects.