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lectur5-page19 - A successful entrepreneur acquires land...

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19 19 ENTREPRENEURSHIP Also known as MANAGEMENT. The ability to organize Production, innovate, and take risks . Ability to collect information, and analyze that information to solve problems or create opportunities.
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Unformatted text preview: A successful entrepreneur acquires land, labor, and capital in the appropriate proportions to produce a product or service in such a way as to earn a profit....
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