Discussion question

Question #1

Define entrepreneurship.

• Why are entrepreneurial activities important in growing economies?
• Give examples of entrepreneurship in action.
• How can innovation and entrepreneurship be connected?

Question #2

Compare the advantages and disadvantages of franchising, purchasing an existing business and starting a business from scratch. Based on your research, what do you feel is the most important factor in determining what type of business to start or purchase? Provide examples to help support your thoughts.

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