INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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profit oriented
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confident
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creative
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possess people skills
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Detailed explanation-1: -What is a Profit-Oriented Pricing Strategy? A profit-oriented pricing strategy means that we’re going to set our product price based on a particular profit goal. That could be a target return-meaning we want to make a certain percentage on each unit that we sell or it could be that we want to maximize profit.
Detailed explanation-2: -Lower the cost of production and marketing. Increase the quality and quantity of your products. Sell your products when there is a high market demand. Become a dependable and regular supplier of your products.
Detailed explanation-3: -An entrepreneur enters the world of business to generate profit or additional income. A good entrepreneur develops and follows the steps in the plans diligently to realize goals. An entrepreneur puts himself in a position where he is responsible for the failure or success of his business.