ENTREPRENEURSHIP

Detailed explanation-1: -As an entrepreneur, you’ll have to make decisions that will have a significant impact on your business. From deciding which products to sell, to negotiating deals, to deciding when to invest in new technology, a lot of the success of a business depends on the decisions the entrepreneur makes.

Detailed explanation-2: -In order to constitute independent entrepreneurial activity, the business must be carried on independently, not under the management and supervision of an employer or other principal.

Detailed explanation-3: -An entrepreneur is his own boss, so he is independent to take decisions. As opposed to intrapreneur, who works for the organisation, he cannot take independent decisions. This is one of the salient features of an entrepreneur; he is capable of bearing risks and uncertainties of the business.

Detailed explanation-4: -Whether to act on their idea. Whether to give up or persist in the face of failure. Which experts to consult. What the core values of their company will be. Whether to seek external investment or not. Their ideal customer. How they’ll price their products. More items •19-Jul-2021