ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is not an urban legend regarding entrepreneurs?
A
Entrepreneurs take unknown risks without any plans.
B
Entrepreneurs have significant work experience
C
Entrepreneurs start business with a revolutionary invention
D
Entrepreneur identify & capitalize on emerging needs & wants
Explanation: 

Detailed explanation-1: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.

Detailed explanation-2: -Villian is not a type of enterpreneur.

Detailed explanation-3: -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-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022

There is 1 question to complete.