ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An entrepreneur generates necessary information about his/her target market, customers, suppliers, and competitors, and consults knowledgeable people on business and technical concerns.
A
Taking Moderate Risk
B
Seeking Information
C
Oppotunity Seeking
D
Self-confidence
Explanation: 

Detailed explanation-1: -Entrepreneurs set goals and objectives which are meaningful and challenging. Entrepreneurs gather information about their clients, suppliers, technology and opportunities. Systematic behaviour means acting in a logical way. Planning is deciding what to do.

Detailed explanation-2: -Entrepreneurs identify market needs and develop solutions through their products and services to begin their business venture. By starting new firms and businesses, entrepreneurs play a key role in shaping the economy and creating a more dynamic and diverse business landscape.

Detailed explanation-3: -Self-discipline enables an entrepreneur to achieve their targets, be organized and set an example for everyone.

Detailed explanation-4: -Industrial Entrepreneur: Industrial entrepreneur is essentially a manufacturer, who identifies the potential needs of customers and tailors a product or service to meet the marketing needs. He is a product-oriented man who starts in an industrial unit because of the possibility of making some new product.

There is 1 question to complete.