Commerce · Class 12 Commerce
Ch 1Entrepreneur — Class 12 Commerce, concept-first.
The word "entrepreneur" comes from the French verb entreprendre, meaning "to undertake." In commerce, an entrepreneur is a person who identifies a business opportunity, organises the resources needed to exploit it, and undertakes the risk of running the resulting enterprise with the object of earning profit.
Key concepts
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Meaning of Entrepreneur
An entrepreneur is a person who identifies a business opportunity, mobilises land, labour, and capital to organise an enterprise around it, and bears the risk of the outcome with the object of earning profit.
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Meaning and Concept of an Entrepreneur
The word "entrepreneur" comes from the French verb entreprendre, meaning "to undertake." In commerce, an entrepreneur is a person who identifies a business opportunity, organises the resources needed…
Qualities of a Successful Entrepreneur
Not every person who starts a business succeeds at it, and commerce writers have tried to isolate the personal qualities that mark out a successful entrepreneur from one who merely attempts a venture.…
Functions of an Entrepreneur
An entrepreneur is expected to perform a distinct set of functions in bringing an enterprise into existence and keeping it running.
Types of Entrepreneurs
Entrepreneurs are not a single uniform category; commerce writers classify them on several different bases, and the AP Board syllabus expects a student to be familiar with the more common classificati…
Entrepreneur, Manager and Intrapreneur
The BIEAP commerce syllabus draws a careful three-way distinction among the entrepreneur, the manager, and the intrapreneur -- three roles that are sometimes confused because all three are concerned w…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1Explain any five functions of entrepreneur.Preview
- Q2Write any two types of entrepreneur.Preview
- Q3Explain any one characteristic of an entrepreneur.Preview
- Q4Explain any five functions of an entrepreneur.Preview
- Q5Write any two types of entrepreneurs.Preview
- Q6Explain any five characteristics of an entrepreneur.Preview
- Q7Explain the types of entrepreneurs.Preview
- Q8Write one definition of EntrepreneurPreview
- Q9Explain any one function of an EntrepreneurPreview
- Q10Explain the characteristics of entrepreneurs.Preview
- Q11Explain the 5 functions of entrepreneurs.Preview
- Q12Write a short note on: InnovationPreview
- Q13Write a short note on: Types of entrepreneursPreview