ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When entrepreneurs spot an opportunity to trade and make a difference to society?
A
Business enterprise
B
Trade enterprise
C
Organic enterprise
D
Social enterprise
Explanation: 

Detailed explanation-1: -They create jobs, drive innovation, they empower their employees to develop their skills and abilities. They bring new ideas, products and employ other people to create a healthy standard of living.

Detailed explanation-2: -Social Enterprise vs. Social entrepreneurs seek innovative ways to drive change, whereas social enterprises form to fulfill a business purpose and solve societal needs through their commercial activities.

Detailed explanation-3: -Typically, opportunities in social entrepreneurship are based on the need to create social value which benefits the local community. A social enterprise usually does this by solving a problem or providing assistance in an area of need or disadvantage.

Detailed explanation-4: -Better customer relationships. By being a social business, you are seen to be open, transparent, accessible and responsive. Improved insight. Employee satisfaction. Increased productivity. More innovation. Enhanced reputation. Change in culture. Understanding your audience. More items •18-Jul-2016

There is 1 question to complete.