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Question
Write short answer of the following.
Discuss the factors motivating the entrepreneur.
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Solution
State the factors motivating the entrepreneur.
Meaning: Motivation is the process of attempting to influence others to do your will through the possibility of gain or reward.
(A) Internal factors:
(1) Strong desire to do something.
(2) Educational background and technical knowledge.
(3) Business experience in same or related line.
(B) External factors:
(1) Financial assistance from government and other knowledge.
(2) Demand for the product.
(3) Availability of raw material, labour and machinery.
(4) Encouragement for big house.
(5) Profit Margin.
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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 ______.
A successful businessman takes a calculated risk.
Select the correct option.
(Innovation, Niche Tourism, Agro tourism, Entrepreneurship)
| Group A | Group B |
| l) The idea of bringing Urban resident to agricultural farm | _________________ |
| 2) Agro-tourism is a form of | _________________ |
| 3) __________________ | To introduce new combination of products & features |
| 4) ___________________ | A full time job which requires, dedication & Hard-work. |
Answer in one sentence.
Who is 'Entrepreneur'?
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.
Justify the following statement.
Entrepreneurship is the best source for self-employment.
Justify the following statement.
Entrepreneur must be a good communicator.
Select the correct option.
(Innovation, niche tourism, agro-tourism, entrepreneurship, Start-up 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 |
Entrepreneur is not classified as ______.
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 |
