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Brandon Blake test 2 entrep.docx - Brandon Blake CAPE YR2...

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Brandon BlakeCAPE YR2Entrepreneurship Unit 1Test 21.The capacity and willingness to develop, organize and manage a business venture alongwith any of its risks in order to make a profit. The most obvious example ofentrepreneurship is the starting of new businesses.In economics, entrepreneurship combined with land, labor, natural resources and capitalcan produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking,and is an essential part of a nation's ability to succeed in an ever changing andincreasingly competitive global marketplace.2.Business incubators are organizations designed to accelerate the growth and success ofentrepreneurial companies through an array of business support resources and servicesthat could include physical space, capital, coaching, common services, and networkingconnections.Business incubation programs are often sponsored by private companies or municipalentities and public institutions, such as colleges and universities. Their goal is to helpcreate and grow young businesses by providing them with necessary support andfinancial and technical services.Incubators provide numerous benefits to owners of startup businesses. Their office andmanufacturing space is offered at below-market rates, and their staff supplies advice andmuch-needed expertise in developing business and marketing plans as well as helping to

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Term
Spring
Professor
newton redes
Tags
Entrepreneurship, business idea, Entrepreneurship Unit, entrepreneurship combines aspects, business support resources

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