The process of initiating a business venture,organizing the necessary resources,and assuming the risks and rewards is referred to as ________.
A)leadership
B)entrepreneurship
C)business planning
D)strategic planning
E)organizing

Question

Quizplus · Accepted Answer

The process described involves starting a new business, which is the essence of entrepreneurship. Leadership, business planning, strategic planning and organizing are all important components of entrepreneurship, but do not fully capture the scope of the entire process.

The Process of Initiating a Business Venture,organizing the Necessary Resources,and