Exercises · Q11
Q.Classify entrepreneurs on the basis of
(a) type of business,
(b) use of technology, and
(c) scale of enterprise.
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Start your 14-day free trial to unlock the full solution →Entrepreneurs can be classified along several dimensions:
(a) On the basis of type of business:
- Business (trading) entrepreneurs — deal in buying and selling of goods and services.
- Industrial (manufacturing) entrepreneurs — set up units that convert raw materials into finished products.
- Agricultural entrepreneurs — engaged in agriculture and allied activities such as farming, dairying and horticulture.
- Corporate entrepreneurs — promote and manage joint-stock companies and corporate undertakings.
(b) On the basis of use of technology:
- Technical entrepreneurs — production-oriented, strong on the technical/engineering side.
- Non-technical entrepreneurs — focused on marketing, distribution and promotion rather than technology.
(c) On the basis of scale of enterprise:
- Small-scale entrepreneurs — smaller investment and operations. …
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