Statement A: Small businesses are though small in nature but risks are high.Statement B: Small business perfectly suits to those people who want to do business without taking a lot of risksMohammed has the ability to move quickly in response to changing market needs, This relates to which characteristics of an entrepreneur?None of the aboveFlexibility skillCompetitive skillLeadership skillELIFE

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise,…

Mohammed has the ability to move quickly in response to changing market needs. This relates to which characteristics of an entrepreneur? None of the above Flexibility skill Competitive skill Leadership skill

Mohammed has the ability to move quickly in response to changing market needs. This relates to which characteristics of an entrepreneur? None of the above Flexibility skill Competitive skill Leadership skill

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Q: Write conclusion part of essay of how Netflix is the best in its class?

A: Netflix stands as a quintessential exemplar in the realm of entertainment streaming services,…

Q: Why Institutional Housekeeping is more complex than Domestic Housekeeping?

A: The main objective of the housekeeping whether in hotels, hospitals, universities or other…

Q: Choose a family business from France and then comprehensively evaluate the decision-making…

A: In this answer below we will thoroughly examine the decision-making processes, family makeup, and…

Q: What is the difference of agripreneurship and ecopreneurship? Please explain the differences…

A: Concept of Entrepreneurship - Entrepreneurship, is all about a concept of establishing a business.…

Q: Define entrepreneurship. The students should provide 5 definitions of entrepreneurship using…

A: An entrepreneur: An entrepreneur, who creates a new business, bearing most of the risks and enjoying…

Q: Explain the important roles of the small business manager: 1- Resources allocator role. 2- Monitor…

A: Important roles of the small business managers are: 1.Resource allocator role: Manager is…

Q: 1. Give TWO (2) reasons why an IT training course would benefit Allan and Dorraine 2. Describe TWO…

A: Note: Since you have asked a question with multiple subparts, as per the guidelines, we will answer…

Q: What is the best explanation of entrepreneurship? Why is it that job opportunities are difficult to…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: explain the process of entrepreneurship explaining each stage with any of your business idea that…

A: Entrepreneurship is the demonstration of making a business or organizations while building and…

Q: Identify any three local entrepreneurs who built their business based on who they were and their…

A: The market for windows and doors is the one I've chosen to investigate. I chose this industry…

Q: An entrepreneurial leader is most likely to

A: An entrepreneurial leader is most likely to Utilize the opportunities in the environment foreseeing…

Q: In describing what “Business Ethics can Learn from Entrepreneurship,” which is NOT a virtue that…

A: The principles, values, and standards of conduct that direct individuals' and organizations' actions…

Q: The criteria for the greatest entrepreneurs to be considered were simple. If they had the vision to…

A: Note: " The answer has been framed in a generalized manner". Entrepreneurs are individuals who take…

Q: Please explain this to me in simple terms 2. Entrepreneurship become an act of visionary leaders,…

A: Entrepreneurship is the capacity and preparation to create, sort out and maintain a business…

Q: Ms. Azura started her business by selling chicken rice in her hometown about nine years ago. She has…

A: Different scholars have defined entrepreneurship in different ways. The most prevalent definition of…

Q: It is more likely that an entrepreneur will get new business ideas through weak-tie rather than…

A: Entrepreneur refers to those individuals who come up with innovative ideas about starting a business…

Q: If an entrepreneur possess the following characteristics: innovation, visionary, risk taker, quality…

A: Entrepreneurship is important in any business because it increases the economic growth of the…

Q: The teachings of Confucius have little relevance in today's business climate. True/False

A: In an organization, the structure, culture, framework, and design play key roles in determining the…

Q: Entrepreneurship requires a unique set of personal qualities that contribute to the success of a…

A: Management and Entrepreneurship:Management and entrepreneurship are two of the most important…

Q: A company opesating in the textile industry has overgrown its market As a result, the company can no…

A: Sometimes, in order to compete successfully in a market, a business needs to cut down in order to be…

Q: People with string business acumen skills can: a. Adapt and remain flexible during times of change…

A: Business acumen skills are a combination of abilities and competences that enable people to…

Q: Determine whether Livestock Wealth is using an “inside-out” or “outside-in” perspective and provide…

A: Several things need to be kept into consideration to make a business successful. For a business…

Q: Background Allan and Dorraine have been happily married for just over ten (10) years. They met…

A: Case Summary: Individual A and Individual D are planning to start a new business venture. They know…

Q: The three factors that relate to the triple bottom line are: Select one: O ethical environmental,…

A: answer-c) Social, environmental and financial The triple bottom line (or otherwise noted as TBL or…

Q: Compare and contrast the four religious, specifying how each religion's belief system can be applied…

A: Religion is frequently a powerful incentive in the workplace. Many people use their business…

Q: In order to success, entrepreneurs must have the ability to assess and respond to the environment…

A: The entrepreneur is an individual who has the ability to give something different to society in…

Q: studying computers What are an entrepreneur's most important foreign business considerations?…

A: With the increasing globalization of business, more and more entrepreneurs are looking to expand…

Q: mpany History and Profile Both Ito-Yokado and Seven-Eleven Japan were founded by Mr. Masatoshi Ito.…

A: Seven-Eleven Masatoshi Ito founded Japan, a leading convenience store chain in Japan that has…

Q: ENTREPRENEURS FACE A MORE CERTAIN SET OF POSSIBILITIES RATHER THAN PEOPLE IN OTHER TRADITIONAL JOBS.…

A: Entrepreneur: A person who undertakes the pressure and risk of starting a new business venture and…

Q: It has been argued that in business it is the dynamic entrepreneurs who combine the other factors of…

A: An entrepreneur is a personal who creates a replacement business, bearing most of the risks and…

Q: As a result of your having lived, three things have changed in the world. What are they?

A: This has to subjective based question, however we will be answer this question in business and…

Q: Identify any three local entrepreneurs who built their business based on who they were and their…

A: Note: The answer has been provided in a generalized manner.An entrepreneur is a person who…

Q: How should we assess the new businessmen of the gilded age? Should we remember them as industry…

A: The era from 1877-1900 in the history of United States is called Gilded Age. Gilded age is an era of…

Q: Help me with this please

A: Business and entrepreneurs are going through a difficult phase in this COVID -19 pandemic times as…

Q: why the new business models associated with the dot-com era were, in fact, existing models in an…

A: Business model: It is a systematic framework that helps to find various ways to provide long-term…

Q: Steve Jobs recommended that entrepreneurs "live widely". Jean-Baptiste Say stated that "The…

A: Israel Kirzner is an economist known for his contributions to the Austrian School of Economics.…

Q: Bill Gates said, "Have energy." Larry Ellison said, "Always do more." What common-sense trait that…

A: ANSWER : Both Bill Gates and Larry Ellison are referring to trait of having the strong work ethic.…

Q: 1) Technical entrepreneurs come under the category of business based entrepreneurs. True/False. 2)…

A: Disclaimer- Since you have posted a question with multiple subparts we will solve first three…

Q: How was the concept of shared value (the idea—advanced by Michael Porter and Mark Kramer from…

A: Once a leader said that the progress of a Nation can also be seen by analyzing the production of…

Q: FAMOUS ENTREPRENEUR: BILL GATES Questions: 1. Give a short background about the entrepreneur and why…

A: Social entrepreneurship is the process by which people, startups, and entrepreneurs develop and fund…

Q: Discuss why entrepreneurship is important (in your own perspective)? What is the impact of engaging…

A: Entrepreneurial-ism may be a determinant of economic development. Entrepreneurs do appear to be…

Q: With a classmate, research a professional sports team that hasthreatened to move if locals don’t…

A: A business never works in isolation. There are various forces acting on it and there are various…

Question

Statement A: Small businesses are though small in nature but risks are high.
Statement B: Small business perfectly suits to those people who want to do business without taking a lot of risks
Mohammed has the ability to move quickly in response to changing market needs, This relates to which characteristics of an entrepreneur?
None of the above
Flexibility skill
Competitive skill
Leadership skill
ELIFE

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2 The correct option

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible onto her circumstance. Which form of business would be best for Rita?
What is a leading company?
Expound on this and explain why it is an important profile of a social entrepreneur: "Entrepreneurship motivation, as a motor to change society; it is not giving fish, nor teaching how to fish but changing the fishing industry"
Which one of the following is not part of a company's broad macro-environment? A) population demographics and societal values and lifestyles. B) governmental regulations and legislation. technological and ecological factors. C) conditions in the economy at large. D) the company's resource strengths, resource weaknesses, and competitive capabilities.
_provides a framework for the development of social innovations by different sectors of society, as well as the opportunity to generate alliances that satisfy the capacity of society to meet their own long-term needs. Select one:A.Manager/ pengurus B.executive /eksekutif C.Entrepreneur/ usahawan D.franchisor /francaisor
How to respond into this in 100 words? Social trends can significantly impact business in high-tech industries, presenting both opportunities and threats for organizations and their strategic management. Social and technological forces are two of the four categories that comprise the microenvironment, or external environment. Social forces are related to values, beliefs, and culture while technological forces are related to advancements such as automation, artificial intelligence, or digitalization. An example of how social trends present both opportunities and threats to organizations operating in high-tech industries is the rise of electric vehicles (EVs). The growing interest and demand for electronic vehicles present great opportunities in the automotive industry. As more consumers prioritize sustainability and seek to reduce carbon emissions, EVs are becoming a more viable and popular choice. This interest based on the values of sustainability and green transportation has…
In enterprenuership , discuss how you would get the right resources for a start up business?
What’s the differences and similarities between account manager, custom success manager and environmental economist?
Who is the CEO apple company?
It has been argued that in business it is the dynamic entrepreneurs who combine the other factors of production for sustainable ventures for unborn generations. Would you agree to this statement? Please justify the reasoning behind your agreement or otherwise.
What defines a good corporate culture ? Describe the link (3 perspectives) between corporate culture and improved economic performance?
6 1. How do managerial skills differ from entrepreneurial skills? When would an entrepreneur's skills be more useful than a manager's? Why?