ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is NOT a skill of an entrepreneur?
A
Problem-Solving
B
Communication
C
Motivational
D
Caring
Explanation: 

Detailed explanation-1: -no ability to bear risk Answer: Being an entrepreneur comes with so many challenging tasks and risks so if one is not prepared with facing risks then it is not helpful for the company in long term. So, if one has “no ability to bear risk” then it is not an entrepreneurial skill.

Detailed explanation-2: -1. Entrepreneurship is not buying and selling. Buying and selling is not entrepreneurship, it is trade. Buying products from suppliers and selling them to customers for profit doesn’t make you an entrepreneur, it makes you a merchant.

Detailed explanation-3: -A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.

Detailed explanation-4: -Finance Skills. Budgeting and knowing how to keep track of finances is essential for entrepreneurs. Communication skills. Being a strong communicator is very important for entrepreneurs. Leadership Skills. Time Management. Sales. 30-Aug-2022

There is 1 question to complete.