Write a detail note on union and management

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Write a detail note on union and management
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Entrepreneurship is defined as a task of setting up a business by taking considerable financial risks in order to achieve profits. Entrepreneurship is very important as it helps the entrepreneurs to make money and enhance their standard of living. The entrepreneurs initiates innovation which provides them a competitive advantage over other businesses in the market. Initiation of a new business helps to provide employment to many individuals which thereby enhances the development of economy. A goal of a business owner or an entrepreneur is simply to be successful, make money and in order to achieve this, it is important to implement effective business goals.

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