ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Jorge is an entrepreneur and owner of 2 successful businesses. Jorge’s colleagues value his ability to come up with new ways of doing things and to find solutions to seemingly impossible problems. What entrepreneurial trait do Jorge’ colleagues admire?
A
initiative
B
goal setting
C
integrity
D
creativity
Explanation: 

Detailed explanation-1: -Personal values that an entrepreneur needs are attributes such as honesty, passion, determination, and confidence. No one likes to do business with people that are arrogant, selfish, dismissive and egotistic. Any business venture is a reflection of the entrepreneur’s personal values, attitudes, and beliefs.

Detailed explanation-2: -(c) Fabian Entrepreneurs: Fabian entrepreneurs are characterized by very great caution and skepticism in experimenting and change in their enterprise. They imitate only when it becomes perfectly clear that failure to do so would result in a loss of the relative position in the enterprises.

Detailed explanation-3: -They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business.

Detailed explanation-4: -Make strategic planning a top priority. Keep a close eye on your competitors. Work to broaden your client base. Stay close to your customers. Monitor profit margins. Develop a cash-flow planner. More items

There is 1 question to complete.