Asked by Zihyah Dunlap on Feb 18, 2024
Verified
Paulina bought a small print shop and is very successful,but because she purchased an existing business,she is not considered an entrepreneur.
Entrepreneur
An individual or a group who creates something new—a new idea, a new item or product, a new institution, a new market, a new set of possibilities.
- Recognizing the distinction between starting a new business and purchasing an existing one.
- Identifying the criteria that define someone as an entrepreneur.
- Understanding the concept of entrepreneurship and its definition.
Verified Answer
MM
Malorie Murach
Feb 18, 2024
Final Answer :
False
Explanation :
Paulina may not have started the business from scratch, but she took the financial risk of purchasing and managing the existing print shop, making her an entrepreneur.
Learning Objectives
- Recognizing the distinction between starting a new business and purchasing an existing one.
- Identifying the criteria that define someone as an entrepreneur.
- Understanding the concept of entrepreneurship and its definition.
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