Asked by
Kassidy Austin
on Oct 22, 2024Verified
Each of the examples of the entrepreneurs in the textbook has something in common. That commonality is
A) they built their businesses by buying them in bankruptcy.
B) they built their businesses from good ideas and hard work.
C) they sold their businesses before they failed.
D) they inherited their businesses from their parents.
E) they built their businesses after consulting each other.
Entrepreneurs
Individuals who create, launch, and manage new businesses, often taking on considerable risk in the expectation of profit.
Bankruptcy
A legal process involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors.
- Grasp the role of creativity, initiative, and strategic risk-taking in entrepreneurship.
Verified Answer
LW
Learning Objectives
- Grasp the role of creativity, initiative, and strategic risk-taking in entrepreneurship.
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