INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small Business Entrepreneurs
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Social Entrepreneurs
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Either A or B
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None of the above
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Detailed explanation-1: -Small business owners: Seek to make a living from their business activities and generate enough profit to support their family and lifestyle. Typically aren’t focused on rapid growth and expansion.
Detailed explanation-2: -Scalable startup entrepreneurship From the get go, this style of entrepreneurship begins with the hope of rapid expansion and big profit returns.
Detailed explanation-3: -Manager: Such an entrepreneur does not initiate expansion and is content just staying in business. 3. Minor innovator: This entrepreneur contributes to economic progress by finding better use for existing resources.
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.