Asked by Amber Koeuth on Apr 28, 2024
Verified
Wendy, a single parent of two boys, has started a small bakery in her house. She cannot work away from home because her children are very young. Which of the following kinds of entrepreneurship is this an example of?
A) serial entrepreneurship
B) necessity-based entrepreneurship
C) intrapreneurship
D) Internet entrepreneurship
E) social entrepreneurship
Necessity-based Entrepreneurship
Entrepreneurial activities initiated out of a need rather than a desire for opportunity, often due to lack of traditional employment options.
- Acquire knowledge about the economic and social impacts of small and medium-sized enterprises (SMEs) and the significance of entrepreneurship that emerges from necessity.
Verified Answer
MH
Maddy HallimanApr 29, 2024
Final Answer :
B
Explanation :
This is an example of necessity-based entrepreneurship because Wendy started the bakery out of necessity to provide for her family while also taking care of her young children.
Learning Objectives
- Acquire knowledge about the economic and social impacts of small and medium-sized enterprises (SMEs) and the significance of entrepreneurship that emerges from necessity.