ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A corporate promoter is a firm or person who does the preliminary work related to the formation of a company, including its promotion, incorporation, and flotation, and solicits people to invest money in the company, usually when it is being formed.

Detailed explanation-2: -What is corporate entrepreneurship? Corporate Entrepreneurship, or Intrapreneurship, is the creation of new businesses, products, or services from inside an organization to generate new revenue growth through entrepreneurial action.

Detailed explanation-3: -A promoter is the one who decides an idea for setting up a particular business at a given place and carries out a range of formalities required for the setting up of a business. A promoter may perhaps be an individual, a firm, and an association of persons or a company.

Detailed explanation-4: -Answer: Entrepreneur is the person who takes the risk of starting and managing business. Whereas promoter is the person who undertakes to form a company with reference to a given project and to get it going, takes the necessary steps to accomplish that purpose.

Detailed explanation-5: -An entrepreneur is a person who organizes, operates, and assumes the risk for a business venture. [1] This term generally applies to individuals who start new organizations, but the term is also extended to individuals who are employed within established firms. This concept is termed corporate entrepreneurship.