BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is an Entrepreneur?
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1. Person who doesnot has unique risk bearing function.
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2. Person who just works without an objective.
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3. Person who is defined by high achievement objective and originality in thinking
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4. Person who does not get any reward as the profit from the enterprise which is highly uncertain.
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Explanation:
Detailed explanation-1: -Entrepreneur is a French word probably coined by the economist Jean-Baptiste Say from the word entreprendre, which is usually translated as “undertaker” or “adventurer."1 Say studied Smith’s book and, while agreeing on all points, found that the omission of enterprising businessmen was a serious flaw.
Detailed explanation-2: -There are three main types of entrepreneurs: The Creator, The Builder, and The Operator.
Detailed explanation-3: -Fabian Entrepreneurs These are entrepreneurs that are very careful in their approaches and cautious in adopting any changes. They are not prone to sudden decisions and try to shy away from any innovations or change that doesn’t fit their narrative.
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