ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements.
A
Math Skills
B
Technical Skills
C
Human Relations Skills
D
Communication Skills
Explanation: 

Detailed explanation-1: -While there is no magic formula for beings a successful entrepreneur, those who do succeed tend to have mastered the following set of skills: good and effective communication; being able to sell both themselves and their idea or product; strong focus; eagerness to learn and be flexible; and a solid business plan.

Detailed explanation-2: -Responsibility, mindset and passion are the three secrets to entrepreneurial success. Embrace them and you will find the success you’re looking for.

Detailed explanation-3: -The number one quality of an entrepreneur is self-discipline. You need to do the work-even when you don’t feel like it. If you have a day job, this could mean working long hours. You’ll need the self-motivation to wake up early or sleep late as you start your new venture.

Detailed explanation-4: -Building a team (trust, rapport, relationship strengthening, resolving conflict) Finding clients & closing sales. Finding investors. Keeping clients & managing expectations. Communication with yourself (clarity of thought, mindset)

There is 1 question to complete.