Do entrepreneurs have such cost tables or not when they enter a business?
Entrepreneurs are individuals who set up businesses or enterprises bearing most of the risks but enjoy most of the rewards or profits. The process itself is referred to as entrepreneurship and is seen as an innovation, source of new ideas, and business procedures. They play an active role in the development of an economy by utilizing available skills. Types of entrepreneurs can be small businesses, large companies, scalable startups, and social entrepreneurs.
Answer and Explanation: 1
Entrepreneurs do not have such cost tables when they enter a business. They do not have detailed information on the different costs encompassed in the...
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fromChapter 30 / Lesson 3
Entrepreneurs assume risks when venturing in business opportunities and must possess specific skills in order to be successful. Explore the skills and competencies common to successful entrepreneurs and how these contribute to risk vs. reward.