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They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?
  • a)
    Induced Entrepreneurs
  • b)
    Spontaneous Entrepreneurs
  • c)
    Motivated Entrepreneurs
  • d)
    Imitative Entrepreneurs
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
They enter into entrepreneurship because of various governmental suppo...
. These supports are often provided to promote economic growth and development in a region or country. Some of the common governmental supports for entrepreneurs include:

1. Financial Assistance: Governments provide financial assistance in the form of loans, grants, and subsidies to entrepreneurs to start their businesses. These funds can be used for various purposes such as purchasing equipment, hiring employees, and marketing.

2. Incentives: Governments offer various incentives to entrepreneurs to encourage them to set up their businesses. These incentives may include tax breaks, reduced regulatory requirements, and access to government contracts.

3. Concessions: Governments provide various concessions to entrepreneurs to help them establish their businesses. These concessions may include reduced land prices, access to infrastructure, and exemptions from certain taxes.

4. Facilities: Governments provide various facilities to entrepreneurs to help them start their businesses. These facilities may include incubators, training centers, and business development centers.

Overall, governmental supports play a crucial role in promoting entrepreneurship and economic growth. They provide the necessary resources and facilities that entrepreneurs need to start and grow their businesses.
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They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?a)Induced Entrepreneursb)Spontaneous Entrepreneursc)Motivated Entrepreneursd)Imitative EntrepreneursCorrect answer is option 'C'. Can you explain this answer?
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They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?a)Induced Entrepreneursb)Spontaneous Entrepreneursc)Motivated Entrepreneursd)Imitative EntrepreneursCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?a)Induced Entrepreneursb)Spontaneous Entrepreneursc)Motivated Entrepreneursd)Imitative EntrepreneursCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?a)Induced Entrepreneursb)Spontaneous Entrepreneursc)Motivated Entrepreneursd)Imitative EntrepreneursCorrect answer is option 'C'. Can you explain this answer?.
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