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Entrepreneurial ability is refers to the ability to be able to manage a business well. This is one of the most critical factors of production.
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Why is entrepreneurial ability distinct from labor?
Because entrepreneurial ability is directly engaged in production
Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
Why is entrepreneurial ability considered a category of economic resource that is distinct from labor?
Because the entrepreneur; takes the initiative, makes strategic business decisions, innovates, and bears risk.Entrepreneurial ability is considered to be a completely separate factor of production.
How does one select on entrepreneurial to be pursued?
How does one select an entrepreneurial activity
What are you look for in terms of culture--structured or entrepreneurial?
entrepreneurial, because life is a business itself.
Why is entrepreneurial ability distinct from labor?
Because entrepreneurial ability is directly engaged in production
What are elements of business system?
capital entrepreneurial ability land labor
What are the elements of business system?
capital entrepreneurial ability land labor
Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
What does entrepreneurial ability mean?
Entrepreneurial ability refers to the skills, mindset, and capabilities a person possesses to identify opportunities, manage risks, and create value through starting and growing a business. It involves traits like innovation, risk-taking, vision, and the ability to execute ideas effectively. Successful entrepreneurs leverage their abilities to navigate challenges and turn ideas into successful ventures.
Why is entrepreneurial ability considered a category of economic resource that is distinct from labor?
Because the entrepreneur; takes the initiative, makes strategic business decisions, innovates, and bears risk.Entrepreneurial ability is considered to be a completely separate factor of production.
What is the definition of adaptive entrepreneurial culture?
It is the ability for humans to change and create new ways of being. for example creating the internet to allow faster transmission of information
How does one select on entrepreneurial to be pursued?
How does one select an entrepreneurial activity
When was Yale Entrepreneurial Society created?
Yale Entrepreneurial Society was created in 1999.
When was Entrepreneurial Management Center created?
Entrepreneurial Management Center was created in 1986.
Describe retailing as an entrepreneurial activity?
describe retailing sa an entrepreneurial activity
Why is management a primary component in entrepreneurial activity?
what is management primary component in entrepreneurial
