Question 16 of 24
Q.Write any two types of entrepreneurs.
Yanam BieapBIEAP AP Intermediate (2nd Year) Commerce Board 2020Subjective· 2mImportance★★★★★est
67% · 16/24 Questions
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Start your 14-day free trial to unlock the full solution →Two types of entrepreneurs are the Innovative entrepreneur (who creates new products/methods) and the Imitative entrepreneur (who copies proven ideas).
Types of Entrepreneurs
Entrepreneurs are classified on the basis of their approach to innovation (a classification associated with the economist Clark/Schumpeter-style grouping used in the AP Inter 2nd-year Commerce syllabus). Two important types are:
- Innovative Entrepreneur — introduces new goods, new methods of production, new markets or new sources of raw material. Such entrepreneurs are creative, take bold risks and drive economic growth. Example: a person who launches a new type of product never seen before. …
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