ECONOMICS
ENTREPRENEURS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Trade regulations have very little effect on small-business growth
|
|
|
Many people start entrepreneurial ventures during times of economic recession.
|
|
|
Small business start-ups are taxed at a higher rate than multinational companies
|
|
|
Consumer spending is a primary factor that influences entrepreneurial success.
|
Detailed explanation-1: -An entrepreneur gets things done and loves to be competitive in the process. A true entrepreneur is not predictable, one that possesses a certain creativity level that allows one self to see and produce “ahead of the curve”. However, without strong people skills, an entrepreneur cannot be successful alone.
Detailed explanation-2: -Expert-Verified Answer Entrepreneurship is a skill that is required not only by huge corporations but also by small firms.
Detailed explanation-3: -A business which functions on a small scale level involves less capital investment, less number of labour and fewer machines to operate is known as a small business. Small scale Industries or small business are the type of industries that produces goods and services on a small scale.
Detailed explanation-4: -The correct answer is B. an entrepreneur combines the various production factors, including land, labor, and capital, to make products suitable for the consumers in the market. Entrepreneurs have multiple characteristics in the community.