Which of the following descriptions of entrepreneurs is true?
A)Entrepreneurs must have an idea for a great product.
B)Entrepreneurs usually have a placid personality.
C)Entrepreneurs have little awareness of the market.
D)Entrepreneurs know how to exploit opportunities.
E)Entrepreneurs prefer to be lone wolves.

Question

Quizplus · Accepted Answer

Entrepreneurs spot, create, and exploit opportunities in a variety of ways. Entrepreneurial companies can explore domains that big companies avoid and can introduce goods or services that capture the market because they are simpler, cheaper, or more convenient. Not all entrepreneurs introduce new products. Many great organizations have been built on a different kind of idea: the founder's desire to build a great organization rather than to offer a particular product.

Which of the Following Descriptions of Entrepreneurs Is True