Question

Explain in detail classification according to the type of business

Answer 1

Classification of Entrepreneur according to the type of business:

(1) Business Entrepreneur: He is called a solo entrepreneur. He is the one who finds out an idea for a new product or service and establishes a business enterprise.

(2) Trading Entrepreneur: Trading entrepreneurs are those who restrict themselves to buying and selling finished goods.

(3) Industrial Entrepreneur: These are entrepreneurs who manufacture products to cater to

(4) Corporate Entrepreneur: He is called a promoter. He takes initiative necessary to start an entity under a corporate format.

(5) Agricultural Entrepreneur: These entrepreneurs are those who raise farm products and market them.