He undertakes an entrepreneurial activity for his personal satisfaction in work, ego, and status.

He stressed the role of the entrepreneur in creating value by moving resources out of less productive areas and into more productive ones.

He define entrepreneur as a person who assumes both the risk and the management of a business.

He combines various factors of production and provides marketable product or services by adopting innovative ideas.

He identified the willingness to bear the personal financial risk of a business venture as the defining characteristic of an entrepreneur.

He identifies potential markets, stimulates demand for his product line and creates a desire and interest among buyers to go in for his product.

They are persons with initiative, boldness and confidence in their ability which motivate them to undertake entrepreneurial activity.

He always looks for changes and responds to the changing demand of the market. His business ventures suits the current marketing needs.

The word “entrepreneur” originates from a thirteenth-century French verb, ______________________, meaning “to do something” or “to undertake.”