Answer to Question #319340 in Management for Gert

Question

Which one of the following statements referring to the entrepreneurial process is NOT correct?

a. Entrepreneurship is constituted by those individuals in society who use their initiative and take risk to provide products and services.

b. Entrepreneurship is the process of starting a new business that will succeed.

c. The entrepreneur’s reward for taking the initiative and taking risks is profit.

d. Entrepreneurship is the process of creating and building something of value from practically nothing.

Answer 1

b. Entrepreneurship is the process of starting a new business that will succeed.