Businessman vs Entrepreneur

The main objective is to earn profits from producing, buying, and selling goods.

• Businessman

• Entrepreneurs

• They create value by introducing NEW PRODUCTS/SERVICES or finding better ways of making them.

• Businessman

• Entrepreneurs

• They are market leaders.

• Businessman

• Entrepreneurs

• They make a place in an already existing market with effort and dedication.

• Businessman

• Entrepreneurs

• They use traditional methods to run the business.

• Businessman

• Entrepreneurs

• They have low competition for the business since they enter a new market.

• Businessman

• Entrepreneurs

• The risk of failure is less.

• Businessman

• Entrepreneurs

An entrepreneur can become a businessman in the future.

• TRUE

• FALSE

• _____ are intuitive, whereas _____ are calculative.

• Businessmen; entrepreneurs

• Entrepreneurs; businessmen

Facebook, Apple, and Microsoft can be considered as _____ ventures.

• business

• entrepreneurial