Skip to content
Exercises · Q11

Q.Classify entrepreneurs on the basis of

(a) type of business,
(b) use of technology, and
(c) scale of enterprise.
ChseodishaTextbookSubjectiveImportance★★★★★est
92% · 11/12 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

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. …

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.