ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Lack of talented and skilled labour, managerial, and marketing skills are the various internal problems while delayed payments, inadequate loans, lack of demand for their products, etc. are various external problems faced by these units.
Detailed explanation-2: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.
Detailed explanation-3: -An entrepreneur starts a business venture based on entrepreneurial concepts and principles and the aspiration to become successful. The owner of an ordinary small business is constantly on the lookout for new and fresh ideas, which can be found in the business environment.
Detailed explanation-4: -Owners leading by example. The owner or manager leads by example. Simple business structure. Information sharing among employees. Staff are carefully chosen. Staff commitment and loyalty. A Unique product or service. A Specific customer focus. Prompt follow-up. More items