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What does the term 'entrepreneurship' primarily refer to?
Practice Questions
Q1
What does the term 'entrepreneurship' primarily refer to?
The process of managing a large corporation
The act of starting and running a new business
The study of economic theories
The practice of investing in stocks
Questions & Step-by-Step Solutions
What does the term 'entrepreneurship' primarily refer to?
Steps
Concepts
Step 1: Understand that 'entrepreneurship' is about starting something new.
Step 2: Recognize that it usually involves creating a business.
Step 3: Know that entrepreneurs often come up with new ideas or products (innovation).
Step 4: Realize that starting a business can involve taking risks, like investing money or time.
No concepts available.
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