ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It refers to the attribute that distinguishes an entrepreneur from the owner of an ordinary small business.
A
etiquette
B
good manners
C
right conduct
D
character trait
Explanation: 

Detailed explanation-1: -Character trait refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business. Among the factors that largely influence success are the character traits and competencies of the entrepreneur.

Detailed explanation-2: -Entrepreneurs tend to be classified as those who take on high-growth, high-risk innovations while small business owners oversee an established business with an established product and customer base. Successful entrepreneurs are seen as a driving force in the modern economy.

Detailed explanation-3: -An entrepreneur places all his creativity or creative idea into action and makes it a reality. That means an entrepreneur comes in with a unique business idea that’s the reason why his company is called as a startup company. On the other hand, a businessman commences business with an already used old business idea.

Detailed explanation-4: -They’re Innovative. They Aren’t Afraid to Take a Chance. They’re Willing to Work Hard. They Know How to Manage Money and People. They Are Passionate About What They Do.

Detailed explanation-5: -Motivation. Passion. Vision. Confidence. Decision making. 02-Jan-2021

There is 1 question to complete.