Asked by Brandon Pimentel on Jun 12, 2024
Verified
Yvette has recently lost her job and has not been able to find employment elsewhere. She must support her children, and take care of her mortgage. She realizes a niche for chemical-free house cleaning services. Eventually she opens her own house cleaning service. This is an example of ___.
A) classic entrepreneurship
B) serial entrepreneurship
C) intrapreneurship
D) necessity-based entrepreneurship
E) social entrepreneurship
Necessity-based Entrepreneurship
Entrepreneurial activities initiated as a result of limited job opportunities or economic necessity, rather than from the identification of a new business opportunity.
Chemical-free
Products or processes that do not contain synthetic chemicals or additives.
Mortgage
A loan specifically used to purchase real estate, where the property serves as collateral for the loan.
- Understand the concept and characteristics of various entrepreneurship forms such as classic, necessity-based, and social entrepreneurship.
Verified Answer
JJ
Jinzhou JiangJun 13, 2024
Final Answer :
D
Explanation :
Yvette's situation of losing her job and needing to support her family led her to start a new business out of necessity. This is an example of necessity-based entrepreneurship.
Learning Objectives
- Understand the concept and characteristics of various entrepreneurship forms such as classic, necessity-based, and social entrepreneurship.