Which of the following scenarios would be characteristic of an entrepreneur?
A) Rachel implemented a new and more efficient way to produce pottery.
B) Mary imitated a new, more efficient method of producing pottery.
C) Alissa scaled back the production of pottery because it wasn't cost effective.
D) Ursula used a proven marketing method to advertise her pottery.

Question

Quizplus · Accepted Answer

Entrepreneurs are the agents that introduce change into the competitive system. They do this not only by figuring out how to use inventions but also by introducing new products or services, new production processes, and new forms of organization. Entrepreneurs innovate by commercializing ideas and inventions. By implementing a new and more efficient way to produce pottery, Rachel is introducing a new production process and is therefore practicing entrepreneurship.

Which of the Following Scenarios Would Be Characteristic of an Entrepreneur