INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Innovation
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marketing and distribution strategy
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manage and control corporate undertakings
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concentrate more on production than marketing
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Detailed explanation-1: -Non-technical entrepreneurs, as the name suggests, are not concerned with the technical aspects of the product. They concentrate more on marketing aspects. These entrepreneurs develop marketing techniques and distribution strategies to promote business.
Detailed explanation-2: -Non-technical entrepreneurs are those who are not concerned with the technical aspects of the product in which they deal. They are concerned only with developing alternative marketing and distribution strategies to promote their business.
Detailed explanation-3: -Technical entrepreneurs use their technical knowledge and skills to innovate. Non-technical entrepreneurs-These entrepreneurs use their expertise in providing services to create a market for technical entrepreneurs.
Detailed explanation-4: -Entrepreneurial marketing includes innovation, risk taking, and being proactive. Entrepreneurial marketing campaigns try to highlight the company’s greatest strengths while emphasizing their value to the customer. Focusing on innovative products or exemplary customer service is a way to stand out from competitors.