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Question 13 of 24

Q.Write any two types of entrepreneur.

Yanam BieapBIEAP AP Intermediate (2nd Year) Commerce Board 2019Subjective· 2mImportance★★★★★est
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Entrepreneurs can be classified in many ways; two common types are the innovative entrepreneur (who introduces something new) and the imitative/adoptive entrepreneur (who copies proven innovations).

Any Two Types of Entrepreneur

  1. Innovative Entrepreneur – This entrepreneur is creative and introduces new products, new methods of production, new markets or new forms of organisation. Such entrepreneurs take the lead and are common in developed economies.
  2. Imitative (Adoptive) Entrepreneur – This entrepreneur does not innovate but copies or adopts the successful techniques and innovations of others, suiting them to local conditions. Such entrepreneurs are common and useful in developing economies. …
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