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प्रश्न
What do you mean by 'innovative ability' of an entrepreneur?
संक्षेप में उत्तर
उत्तर
- The "innovative ability" of an entrepreneur encompasses the skill to conceive and implement novel ideas.
- This involves the development of new product concepts, exploration of alternative uses for existing products, identification of untapped markets or locations, adoption of inventive production methods, incorporation of new features into products, and formulation of innovative business models.
- The ultimate goal is to either enhance the value of products and services or reduce their costs.
- In essence, an entrepreneur's success often hinges on their ability to introduce creative and forward-thinking elements into various aspects of their business.
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Factors of Production
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Derived factors are ______ and ______.
What are the factors of production?
What are the derived factors of production?
______ are called factors of production.
What do you understand by the term 'Capital formation'?
What do you understand by ‘changing pattern of land use’?
Tick the one which does not belong to the following group.
Match the following:
| Column I | Column II |
| 1. Factors of production | P. Human resources |
| 2. Land | Q. Man-made resources |
| 3. Capital | R. Economic resources |
| 4. Entrepreneur | S. Natural resources |
Choose the correct alternative:
Match the following:
| Factor of Production | Characteristic |
| A. Land | (i) Subject to depreciation |
| B. Mannual labour | (ii) Risk and Bearing |
| C. Capital | (iii) Permanent |
| D. Entrepreneur | (iv) Involves physical work |
Choose the correct alternative:
Why is capital called a 'produced means of Production?
