Using his own money and resources, Leo-who had recently been laid off from his job-started a new business based on the innovative ideas that he himself had generated. This is an example of a(n)
A)entrepreneurship.
B)joint venture.
C)business incubation.
D)diversification strategy.
E)bootlegging venture.

Question

Quizplus · Accepted Answer

Entrepreneurs are individuals who establish a new organization without the benefit of corporate support. Entrepreneurship occurs when an enterprising individual pursues a lucrative opportunity.

Using His Own Money and Resources, Leo-Who Had Recently Been