ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Refusal to adopt and use opportunities to make changes in production ____ entrepreneurs.
A
Fabian
B
Imitative
C
Innovative
D
Drone
Explanation: 

Detailed explanation-1: -Entrepreneurs who are characterized by a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the organization are called Drone entrepreneurs.

Detailed explanation-2: -(d) Drone Entrepreneurs: Drone entrepreneurs are characterized by a refusal to adopt opportunities to make changes in production formulate even at the cost of severely reduced returns relative to other like producers.

Detailed explanation-3: -Drone Entrepreneurs: These are characterised by a refusal to adopt opportunities to make changes in production formulae even at the cost of severely reduced returns relative to other like producers.

Detailed explanation-4: -Drone Entrepreneurs These are entrepreneurs who do not like a change. They are considered as ‘old school’. They want to do business in their own traditional or orthodox methods of production and systems. Such people attach pride and tradition to even outdated methods of doing business.

Detailed explanation-5: -Drone entrepreneurs: These entrepreneurs are reluctant to change since they are very conservative and do not want to make any changes in the organization. They are happy with their present mode of business and do not want to change even if they are suffering the losses.

There is 1 question to complete.