Entrepreneurship Chapter 1

A person who organises, operates and assumes the risk for business venture is called...

• Entrepreneur

• businessman

• risktaker

• venture operator

Main characteristics of an entrepreneur are

• Risk bearing

• organising

• innovating

• all of above

A person who buy and sell manufacturing goods with the purpose of getting profit is called

• Business entrepreneur

• Trading entrepreneur

• Industrial entrepreneur

• Cooperate entrepreneur

An entrepreneur who is not concerned with technical aspects of the product is called

• Technical entrepreneur

• Non- Technical entrepreneur

• Professional entrepreneur

• Agriculture entrepreneur

Induced Entrepreneur motivated by

• motivated by psychological, economical, ethical considerations

• motivated by the desire for self fulfillment

• motivated by benefits from government

• non of above

First generation entrepreneur

• starts those ventures which suit the modern marketing needs

• develop a self supporting venture

• innovator or new entrepreneur

• use copy techniques

An individual who starts and run a number of business at same time comes in the category of.....

• Portfolio Entrepreneur

• Novice Entrepreneur

• Serial Entrepreneur

• Classical Entrepreneur

who imitate or copy of others technique is called

• Fabian entrepreneur

• Drone entrepreneur

• Innovative entrepreneur

• Imitative entrepreneur

Objective of social entrepreneurs is

• personal gain

• earn profit

• social welfare

• innovation

No risk, no profit, salaried person, no innovation, render services are characteristics of....

• Entrepreneur

• Manager

• Intrapreneur

• Businessman