ENTREPRENEURSHIP

Detailed explanation-1: -Trading entrepreneurs are people who perform trading activities in the market, such as buying and selling manufactured goods and services at different price levels. Industrial entrepreneurs are people who produce products and add value to the products through manufacturing activity.

Detailed explanation-2: -Manufacturing Entrepreneur: The manufacturing entrepreneurs manufacture products. They identify the needs of the customers and, then, explore the resources and technology to be used to manufacture the products to satisfy the customers’ needs.

Detailed explanation-3: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)