Entrepreneurship encompasses all the decisions involved in planning, organizing, leading, and controlling resources.

Question

Quizplus · Accepted Answer

Entrepreneurship is not the same as management. Management encompasses all the decisions involved in planning, organizing, leading, and controlling resources. Entrepreneurship is noticing an opportunity to satisfy a customer need and then deciding how to find and use resources to make a product that satisfies that need.

Entrepreneurship Encompasses All the Decisions Involved in Planning, Organizing, Leading