
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Which of the following statements does not clearly distinguish between entrepreneurship and management?
(a) Entrepreneurs found the business; managers operate it
(b) Entrepreneurs are the owners of their business; managers are employees
(c) Entrepreneurs earn profits; managers earn salaries
(d) Entrepreneurship is once for all activity; management is a continuous activity
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- After reviewing the case, you must provide a critical assessment in your responses to the following questions, incorporating examples from the case, relevant information from the course notes and scholarly literature relevant to entrepreneurship. • A. Discuss minimum four (4) characteristics that Davidson demonstrated that are relevant to entrepreneurs as discussed in the course. B. State two (2) benefits of entrepreneurship and two (2) drawbacks of entrepreneurship as discussed in the course and evident in the case. Relevant examples and links to the case must be included to support the discussion. Incorporate scholarly literature. Discuss four (4) strategies that Davidson could have utilized to enhance creativity as discussed in the course which will be applicable to the case. Relevant examples must be included to support the discussion. B. Discuss the five (5) categories of intellectual property rights presented in the course and demonstrate how the founder of CoolPeopleCare could…arrow_forwardwhat are five essential things that are vital to entrepreneurship and explain why.arrow_forward
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