ECONOMICS (CBSE/UGC NET)

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ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An entrepreneur with a technical background is well suited to start his enterprise as
A
1.Is very educated so can start an enterprise.
B
2.Understands innovation so can start an enterprise easily.
C
3. Can understand market dynamics easily.
D
4. Develops characteristics of quality consciousness and adoption of modern technology and management technique.
Explanation: 

Detailed explanation-1: -They learn from their mistakes. They are action-oriented. They like to get things done and love to turn their ideas into reality. They understand what it takes to succeed and often have a high physical stamina to carry them through their lives and work.

Detailed explanation-2: -Small Businesses Entrepreneurship. Scalable Start-up Entrepreneurship. Social Entrepreneurship. Large Company Entrepreneurship.

Detailed explanation-3: -Passion. Risk taking ability. Persisting nature. Innovative. Leading from the front. Ethical in nature.

Detailed explanation-4: -Strong leadership qualities. Leaders are born, not made. Highly self-motivated. Strong sense of basic ethics and integrity. Willingness to fail. Serial innovators. Know what you don’t know. Competitive spirit. Understand the value of a strong peer network.

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