INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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state entrepreneur
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joint entrepreneur
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urban entrepreneur
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classical entrepreneur
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Detailed explanation-1: -Classical entrepreneur is one who starts his own venture as a family business. They are called life timers. They engage in business as a matter of routine.
Detailed explanation-2: -Family Businesses Definition: A business actively owned and/or managed by more than one member of the same family. If you own a family business, you probably worry even more than the average entrepreneur about ensuring that your company not only survives, but also thrives to nurture the next generation.
Detailed explanation-3: -The dictionary lists speculator, tycoon, magnate, mogul, hustler, and wheeler and dealer as synonyms for entrepreneur.
Detailed explanation-4: -A classical entrepreneur is one who is concerned with the customers and marketing needs through the development of a self-supporting venture. He is a stereotype entrepreneur whose aim is to maximise his economic returns at a level consistent with the survival of the firm with or without an element of growth.