ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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corporate model
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franchise
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partnership
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private enterprise
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Detailed explanation-1: -A business arrangement where private entrepreneurs purchase the rights to open and run a location of a larger company is known as: A franchise.
Detailed explanation-2: -As a private entrepreneur, that is, as a self-employed person, you can easily engage in small-scale business activities mainly based on your own work input. Private entrepreneurship is the lightest and simplest company form. It is also easy, fast and inexpensive to set up.
Detailed explanation-3: -Private Entrepreneurship Moreover, it speeds up the economic development and maintains a balance between a layer and mutual relationship. Examples : Tesla, Disney, different food chains and hospitals all are examples of private entrepreneurship.
Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)