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प्रश्न
What do you mean by 'innovative ability' of an entrepreneur?
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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.
संबंधित प्रश्न
Primary factors are
Derived factors are ______ and ______.
What are the factors of production?
Entrepreneurship is otherwise called ______.
What are the derived factors of production?
______ are called factors of production.
Use of high yielding variety of seeds of related to productivity of ______.
The reward of an entrepreneur is in the nature of ______.
Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
Mention two differences between an entrepreneur and other factors of production.
Explain complex division of labour with the help of an example.
Define capital.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
What do you understand by ‘changing pattern of land use’?
Explain any three such changes causing destruction to the ecosystem.
Name the factors of production.
Match the following and select the correct option.
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
Tick the one which does not belong to the following group.
All factors of production are equally mobile.
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?
Define production.
Which of the following is an example of "Land" as a factor of production?
What does "Labour" refer to in the context of production?
Who is called an "Entrepreneur" in the factors of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
