The process of initiating a business venture, organizing the necessary resources, assuming the associated risks, and enjoying the rewards refers to entrepreneurship.

Question

Quizplus · Accepted Answer

This is the correct definition of entrepreneurship, where an individual or group of individuals take the initiative to start a business venture, arrange the essential resources and assume the risks involved to reap the rewards of their efforts.

The Process of Initiating a Business Venture, Organizing the Necessary