-Entrepreneurs have the talent for recognizing an opportunity even by using the macro level data only. They know how to assess the net cause and effect of an opportunity and decide intelligently if a venture should be considered or not.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Networkers
B	Proactive
C	Have a sharp eye for opportunities
D	Risk takers

Explanation:

Detailed explanation-1: -Entrepreneurs have a talent for recognizing an opportunity even by using the macro level data only. Soft skills are one of the most important competencies of entrepreneurs as these establish the relationship with the most important assets of the company. They know the key people to connect with.

Detailed explanation-2: -Opportunity recognition is an essential skill for an entrepreneur to have. It encourages people and businesses to develop new products and skills and improve those that already exist. Entrepreneurs with high opportunity recognition skills can create new products that satisfy the existing market.

Detailed explanation-3: -Entrepreneurs know how to assess the net cause effect of opportunity and decide intelligently if a venture should be considered or not.

Detailed explanation-4: -Talk to your customers. Talking to your existing customers can be an effective way to discover new opportunities. Conduct competitor analysis. Look at external factors. Consider other industries. Think about similar companies overseas. 16-Aug-2022

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS