ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Identify the entrepreneur who jointly put their efforts and resources
A
rational entrepreneur
B
active partners
C
solo operators
D
inventors
Explanation: 

Detailed explanation-1: -b) Active Partners :-Such entrepreneurs jointly put their efforts and resources. They actively participate in managing the daily routine of the business concern. Entrepreneurs who only their funds but not actively participate in the business are called simply “Partners”.

Detailed explanation-2: -Active partners: Entrepreneurs of this type jointly put their efforts to build enterprise pooling together their own resources. They actively participate in managing the daily routine of the business concern.

Detailed explanation-3: -Answer: “Joint Entrepreneur: When many people or at least more than one person or two persons build an enterprise and take the entrepreneurship for such business, those persons together defined as the joint entrepreneur and their entrepreneurship is called as joint entrepreneurship."

Detailed explanation-4: -Opportunist Entrepreneur is the person who is able to find successful business opportunities. The entrepreneur who is committed to the entrepreneurial effort because it make good business sense is classified as opportunist entrepreneur.

There is 1 question to complete.