Entrepreneurship Two Marks Questions and Answers
EPS MECH Two Marks Questions and Answers 1. Define Entrepreneur. An Entrepreneur is an individual with knowledge, skills, initiative, drive and spirit of innovation who aims at achieving goals. An entrepreneur identifies opportunities and seizes opportunities for economic benefits. Entrepreneurship is a dynamic activity which helps the entrepreneur to bring changes in the process of production, innovation in production, new usage of materials, and creator of market. 2. State the various t ypes of Entrepreneurs Depending upon the level of willingness to create innovative ideas, there can be the following types of entrepreneurs: 1. Innovative entrepreneurs These entrepreneurs have the ability to think newer, better and more economical ideas of business organisation and management. 2. Imitating entrepreneurs They imitate innovative entrepreneurs because the environment in which ...