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Question
Justify the following statement.
Entrepreneurship is the best source for self-employment.
Solution
- Entrepreneurship means the willingness of an individual to start a new business venture by taking risk and managing it in this technology enabled competitive global environment.
- The entrepreneurs are passionate to innovate, lead, invent or pioneer with a disruptive product or technology.
- The size of the business, the type of work involved, the age or the formal education of the entrepreneur etc. do not restrict the entry of the entrepreneur.
- Similarly, the label of success or failure also does not matter.
- Entrepreneurs are the people who have the courage to offer and to share an idea or a product or a service with the world. They try to make market a better place where the needs of consumers can be satisfied.
- Thus, Entrepreneurship is the best source for self-employment.
RELATED QUESTIONS
Match the correct pairs:
| Group 'A' | Group 'B' |
| a. Economic activity b. Highly optimistic c. External values d. Internal values e. Motivation |
1. Self fulfillment 2. Entrepreneurship 3. Passion 4. A sense of belonging 5. Entrepreneur 6. Positive or negative 7. Benefit 8. Dimension 9. Necessity Based 10. Market opportunity |
Distinguish between: Entrepreneur and Manager
'Entreprendre' means to ______.
Match the pair:
| Group 'A' | Group 'B' |
| A. Gap filling function | 1.2016 |
| B. Entrepreneur | 2. Employment |
| C. Agro tourism | 3. Old methods of production |
| D. Technology | 4. 2019 |
| E. Startup India | 5. Self-motivated |
|
6. Rural tourism |
|
| 7. Entrepreneurship | |
| 8. Latest knowledge | |
| 9. Necessity Based | |
| 10. Medical tourism |
A successful businessman takes a calculated risk.
An entrepreneur is a person who starts a ______.
Answer in one sentence.
Who described 'Entrepreneurship' as the founding of a private enterprise?
Correct the underlined word & rewrite the sentence.
The word 'Entrepreneur' comes from the German verb entreprendre, it means 'to undertake'.
Correct the underlined word & rewrite the sentence.
Entrepreneurs try to make home a better place where the needs of consumers can be satisfied.
Explain the following term/concept:-
Entrepreneur
Study the following case/situation and express your opinion.
| Mr. Soham is a young MBA degree holder. Mr. Navin is a B.Com graduate. Mr. Soham is willing to start dairy farm at his village. Mr. Navin is willing to work as a cashier in Private Company. |
- Find out the dream of Soham and Navin.
- State anyone feature of entrepreneur.
- To become a successful entrepreneur, which qualities Mr. Soham should have?
Define an entrepreneur.
Justify the following statement.
Entrepreneur must be a good communicator.
Select the correct option.
(Innovation, niche tourism, agro-tourism, entrepreneurship, Startup India)
| Group A | Group B |
| A. the idea of bringing urban residents to agricultural farm | _____________________ |
| B. Agro tourism is form of | _____________________ |
| C. __________________ | To introduce new combination of products and features |
| D. A full-time job which requires dedication and hard work. | _____________________ |
| E. ______________ | Entity having headquarter in India |
Which of the below is a factor of production?
Entrepreneur is not classified as ______.
What are the characteristics of an entrepreneur?
Explain the following term/concept in detail.
Entrepreneur
Select the correct option from the bracket and complete the table:
(e-business, Agro-tourism, Planning, High Court Judge, Recurring Deposit Account)
| Group 'A' | Group 'B' |
| (a) ____________ | (1) The detailed programme of future course of action |
| (b) The idea of bringing urban resident to agricultural farm | (2) ____________ |
| (c) ____________ | (3) Account operated by salaried and businessmen both |
| (d) Superset of e-commerce | (4) ____________ |
| (e) ____________ | (5) State Commission |
