ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“Entrepreneurs are made not born”. Choose which statement identify the same
A
1. Entrepreneurs constantly seek work from other job providers
B
2. Entrepreneurs usually stumble when the pressures are immense.
C
3. Entrepreneur rapidly form his or her own opinion and when frustrated; reject the system and form his or her own business or enterprise to achieve objective
D
4. Entrepreneur delegates action and supervises people. It takes most of his /her and time to do work.
Explanation: 

Detailed explanation-1: -Rather it is achieved through experiences, knowledge and passion. The same goes for business. Entrepreneurs are not marked from birth; they are people who made a series of good decisions in their businesses and lives. Therefore, entrepreneurs are not born; they are made.

Detailed explanation-2: -There are three main types of entrepreneurs: The Creator, The Builder, and The Operator.

Detailed explanation-3: -According to entrepreneurs, three factors are most important for enabling a company’s growth: access to markets, the supply of human capital (i.e. people with the right skills for the job) and access to funding.

Detailed explanation-4: -Discipline. The number one quality of an entrepreneur is self-discipline. Curiosity. The best entrepreneurs always want to learn more. Creativity. Willingness to try things. Honesty. Always having a plan. Understanding the value of self-care. Taking risks. 14-Apr-2022

There is 1 question to complete.