Asked by Shauna Shirk on Jun 26, 2024
Verified
___ entrepreneurship is one way for people, including women and minorities who have hit the "glass ceiling" in their careers or are otherwise cut off from other employment choices, to strike out on their own and gain economic independence.
A) Classic
B) Necessity-based
C) Follow-through
D) Serial
E) Sustainable
Necessity-based Entrepreneurship
Entrepreneurial activities initiated out of a need, often due to lack of employment opportunities, rather than a pure desire to pursue an opportunity.
- Gain an understanding of the contributions made by small and medium-sized enterprises (SMEs) in economic and social spheres and the essentiality of necessity-driven entrepreneurship.
Verified Answer
JI
JOIS IVANNA MACIAS LOPEZJun 27, 2024
Final Answer :
B
Explanation :
Necessity-based entrepreneurship typically refers to individuals who start a business out of the necessity to support themselves or their families, often due to a lack of other employment opportunities. It is a common path for those who have hit barriers such as the glass ceiling in their careers or face other systemic barriers.
Learning Objectives
- Gain an understanding of the contributions made by small and medium-sized enterprises (SMEs) in economic and social spheres and the essentiality of necessity-driven entrepreneurship.