Q.Explain the various types of entrepreneurs.

Entrepreneurs are classified on several different bases -- by the type of business, the use of technology, motivation, and stage of development.

Entrepreneurs are classified on several different bases:

By type of business: business entrepreneur (creates an enterprise around a new product/service idea), trading entrepreneur (buys and sells finished goods), industrial entrepreneur (creates a product/service to satisfy identified customer needs, typically through manufacturing), corporate entrepreneur (organises and manages a company-form business), and agricultural entrepreneur (undertakes agricultural or agri-processing ventures).

By use of technology: technical entrepreneur (builds the enterprise mainly on technical skill and manufacturing know-how) and non-technical entrepreneur (concentrates on marketing and distribution strategies rather than production technique).

By motivation: pure entrepreneur (motivated by the personal and psychological satisfaction of business activity), induced entrepreneur (induced by external factors such as government incentives or subsidies), motivated entrepreneur (driven by the desire for self-satisfaction from applying one's own knowledge in a fresh venture), and spontaneous entrepreneur (starts a business out of inborn talent and self-confidence, with little external inducement). …

Answers sometimes list types under a single, unlabelled list without naming the basis of classification (business/technology/motivation/stage) -- the BIEAP commerce schem …