Question 87

Entrepreneurship can be best described as


Entrepreneurship can best be described as:

D) A process involving innovation and value creation.

Entrepreneurship is not limited to simply setting up a business or taking significant risks, although those elements can be part of the entrepreneurial process. At its core, entrepreneurship involves identifying opportunities, developing innovative ideas, and creating value by introducing new products, services, or business models. Entrepreneurs often take risks, but their primary focus is on creating something new, bringing about change, and capturing opportunities in the marketplace.

Having a strong vision can be a characteristic of entrepreneurship, but it is not a comprehensive description of the concept. Entrepreneurship encompasses a broader process of identifying, evaluating, and pursuing opportunities through innovation and value creation.

Therefore, option D) A process involving innovation and value creation, is the most accurate description of entrepreneurship.

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