Question

In order to prosper, entrepreneurs must a. find ways to prevent technological change. b. undertake projects that use resources that are more valuable than is the output they produce. c. undertake projects that create wealth and increase the value of resources. d. start out really wealthy to have the money with which to finance projects that they want to undertake.

Answer 1

Answer:

The correct answer is letter "C": undertake projects that create wealth and increase the value of resources.

Explanation:

Entrepreneurs are individuals who are constantly looking for unsatisfied needs. They see these scenarios as opportunities from where a venture must be born to cover unattended sectors of the market. In most cases, entrepreneurs use the help of investors to fund their projects.

Stakeholders tend to be focused on their own interests, thus, the business plan presented by entrepreneurs must show how the new entity plans to generate wealth based on increasing the value of certain resources that efficiently satisfy consumers' needs.