Final answer:
The true statement is that entrepreneurship is the ability to create and build a vision from practically nothing. True entrepreneurship involves the ability to create a vision and actualize it into a business, which requires innovation, willingness, and the acceptance of risk to achieve success and contribute to wealth creation. The correct answer is B.
Step-by-step explanation:
The statement that is true is b. Entrepreneurship is the ability to create and build a vision from practically nothing. Entrepreneurship is not merely obtaining financing and starting a business, nor is it pure luck. It involves taking risks, innovating, and being able to turn an idea into a successful venture. Entrepreneurs are individuals who are willing to invest their time, effort, and resources to create something new or improve existing products or services.
True entrepreneurship involves the ability to create a vision and actualize it into a business, which requires innovation, willingness, and the acceptance of risk to achieve success and contribute to wealth creation.
The true statement among the given options is that entrepreneurship is the ability to create and build a vision from practically nothing. Entrepreneurship involves willingness and innovation, as well as the risk of starting a business and requires more than just obtaining financing. Entrepreneurs are also not solely reliant on luck as they often carefully calculate risks and assess potential benefits before making investments.
Entrepreneurship is key to wealth creation, as it employs assets to produce commodities that are valued in the market. Entrepreneurs provide the vision and innovation needed to develop new products or services and find better ways to deliver them to the marketplace. Those who risk their own capital and succeed may be rewarded not just with financial success but also contribute to a better marketplace.