Which of the following is not a barrier to entrepreneurship?
a) Environmental barriers
b) Financial barrier
c) Personal barrier
d) Societal barrier
e) Team barrier
B) Personal barrier is not a barrier in entrepreneurship.
What is entrepreneurship?
Entrepreneurs are those who start a new venture and are responsible for the majority of risks while reaping the benefits. The process of starting a business is called entrepreneurship. The person who is an entrepreneur is generally seen to be an innovator, as a source of innovative ideas, products, services, and business/or processes.
Entrepreneurs play a crucial role in any economy employing the expertise and determination required to anticipate the needs of customers and bring innovative ideas to the market. If an entrepreneur is successful by taking on the risks of starting a business will be rewarded with profits fame, recognition, and growth opportunities. If it fails, the business suffers lower profits and less traction in the marketplace for the people in the.
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