Professional Documents
Culture Documents
Prelim Exam
Prelim Exam
Prelim Exam
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An entrepreneur is someone who designs and launches a replacement business, which implies that
they’ll tackle all of the rewards and risks that include running a business. On the opposite hand, an
intrapreneur is a private who uses their entrepreneurial skills to form and develop a replacement
project within the company that they already work on, which eliminates many of the risks that
include running business as an entrepreneur.
A shareholder owns the shares of the corporate. A stakeholder may be a member of a pack that has
an interest within the company’s business for multiple reasons except for just stock performance
and might affect or be tormented by the business.
3. Who are the Internal and External Stakeholders of a company? Name one company and identify
who are the possible Internal and external Stakeholders.
Internal stakeholders talk over with those that have an instantaneous involvement within the
company. This could be through employment or ownership. While external stakeholders are those
that have an indirect involvement wit the corporate. This could be through a business agreement,
an interest within the products, or an interest in its impact on the broader community.
The main internal stakeholders of Apple are the Board of Directors, executives, employees, and
shareholders. Its positions are CEO, Senior vice chairman, vice chairman, and Chief Operating
officer. While the most external stakeholders of apple are customers, suppliers, competitors,
pressure groups, local communities, and therefore the government.
4. What are the difference between risks and rewards? Why it is important in entrepreneurship?
The risk is that the results of the employment of resources, through which the entrepreneur can
suffer probable losses or will have lower incomes than planned. The concept of risk when relating
an investment are often perceived not only because the danger of not reaching the specified level,
but also as a probability of going beyond what’s desired. On the opposite hand rewards may be a
major good thing about starting you own venture is that you just have an oversized degree of
agency and control of what’s happening in your company. You’ll decide whom you wish in your
team and you set the vision for the corporate and make strategic decisions.
Lastly, these two types of entrepreneurship are important because before going forward with any
business idea, you’ve got to think about your customer base and develop a technique to achieve
bent your potential clients or customers. You furthermore might need to be rooted in ground reality
and remember of the very fact that profits won’t just start pouring in. A replacement business or
enterprise will initially operate at a loss, next it’s to interrupt even so finally start operating at a
profit.
Imports are the products and services that are purchased from the remainder of the planet by a
country’s residents, instead of buying domestically produced items. Imports cause an outflow of
funds from the country since import transactions involve payments to sellers residing in another
country. Exports are goods and services that are produced domestically, then again sold to
customers residing in other countries. Exports cause an inflow of funds to the seller’s country since
export transactions involve selling domestic goods and services to foreign buyers.