Regarding competition and markets, entrepreneurship's primary focus is to capture most of the existing markets from less aggressive and innovative competitors.

Question

Quizplus · Accepted Answer

While capturing market share is certainly a goal of entrepreneurship, the primary focus is not necessarily to beat out competitors. Instead, entrepreneurship is about identifying and satisfying unmet needs in the market, which may involve creating entirely new markets or disrupting existing ones. Additionally, some entrepreneurs may choose to cooperate with competitors or focus on serving niche markets rather than competing directly.

Regarding Competition and Markets, Entrepreneurship's Primary Focus Is to Capture