Using his own money and resources, Shawnee-who had recently been laid off from his job-started a new business based on the innovative ideas that he himself had generated. This is an example of a(n)
A)entrepreneurship.
B)joint venture.
C)business incubation.
D)diversification strategy.
E)bootlegging venture.

Question

Quizplus · Accepted Answer

Shawnee started a new business based on his own innovative ideas using his own money and resources, which shows that he is an entrepreneur. Joint venture involves two or more individuals or businesses, business incubation refers to the process of providing support and resources to new businesses, diversification strategy involves expanding into different product lines or markets, and bootlegging venture refers to an illegal or unauthorized business operation. None of these options fit with the given scenario as well as entrepreneurship does.

Using His Own Money and Resources, Shawnee-Who Had Recently Been