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Revision: Entrepreneurship Development OCM HSC Commerce (English Medium) 12th Standard Board Exam Maharashtra State Board

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Definitions [5]

Explain the following term/concept:-

Entrepreneur

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 the market a better place where the needs of consumers can be satisfied.

Define an entrepreneur. 

Webster dictionary gives a definition, “An entrepreneur is a person who starts a business and is willing to risk loss in order to make money.” Successful business people have many Qualities in common with one another.

Explain the following term/concept:-

Agro-tourism

Agro-tourism focuses on travel that is empowering to local communities, both socially and economically. Agro-tourism can support the agricultural economy when local producers can no longer compete economically.

Explain the following term/concept;-

Stand-ups

The objective of the Stand-Up India scheme is to facilitate bank loans between Rs.10 lakh and Rs.1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.

Explain the following term/concept:-

Intrapreneur

An intrapreneur is an employee who has the authority and support of his company/employer to implement his own innovative and creative ideas. His idea or product may or may not earn
immediate revenue for the company. Still, the employee keeps receiving his salary.

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