They delegate and hire potential employees to do the work. However, they may have the tendency to vet more people who do not know the exact needs and requirements of the job, because entrepreneurs think that the battle is in the scale and not the profitability. As a result, entrepreneurs may get frustrated because the business does not go as planned, They will begin to create positions that match the requirements of the business and the employees expertise.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

They delegate and hire potential employees to do the work. However, they may have the tendency to vet more people who do not know the exact needs and requirements of the job, because entrepreneurs think that the battle is in the scale and not the profitability. As a result, entrepreneurs may get frustrated because the business does not go as planned, They will begin to create positions that match the requirements of the business and the employees’ expertise.

A	The manager
B	The Self-employed
C	The Leader
D	The investor

Explanation:

Detailed explanation-1: -Customer Relations Service An entrepreneur should know how to build trust and long-term relationships with customers.

Detailed explanation-2: -Entrepreneurs have a talent for recognizing an opportunity even by using the macrolevel data only. Sociable-Soft skills are one of the most important competencies of entrepreneurs. These establish the relationship with the most important assets of the company-its people and its customers.

Detailed explanation-3: -To be successful leaders, they must be a source of inspiration for their employees. Entrepreneurs know how to use all forms of communication to effectively share ideas and address certain concerns with their customers or employees.

Detailed explanation-4: -Strong leadership qualities. Leaders are born, not made. Highly self-motivated. Strong sense of basic ethics and integrity. Willingness to fail. Serial innovators. Know what you don’t know. Competitive spirit. Understand the value of a strong peer network.

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS