BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1. their own need to make as much money as possible.
|
|
|
2. Very limited product’s demand motivates the individuals to succeed
|
|
|
3. The hope of success in pursue of their purpose makes them produce innovative products or substitute products, some entrepreneurs fulfil the market demand by producing complementary goods also.
|
|
|
4. Government policies motivate entrepreneurs to succeed
|
Detailed explanation-1: -Entrepreneurs set up businesses for a number of different reasons. Most commonly, these fall under three categories: financial, non-financial and social/community, eg social enterprises.
Detailed explanation-2: -Passion, resourcefulness, willingness to improvise and listen to others and strong determination to succeed is what makes an entrepreneur successful. And this is what you have to keep in mind as well if you want to be a successful entrepreneur yourself.
Detailed explanation-3: -In analyzing what ends up driving these entrepreneurs, researchers and observers find 4 particularly strong motives: control, freedom, impact and wealth (in alphabetical order.) Some or all of these motivations may be important to you as an entrepreneur.