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_______________ type are entrepreneurs are found in the field of small trading and manufacturing concerns.
Fill in the blank with a suitable Type of Entrepreneurs.
- a)Trading Entrepreneurs
- b)Business Entrepreneurs
- c)First generation Entrepreneurs
- d)Innovative Entrepreneurs
Correct answer is option 'C'. Can you explain this answer?
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_______________ type are entrepreneurs are found in the field of small...
Type of Entrepreneurs in Small Trading and Manufacturing Concerns:
The suitable type of entrepreneurs found in the field of small trading and manufacturing concerns are First Generation Entrepreneurs. These entrepreneurs are individuals who start their own businesses and are the first in their family to do so. Here is a detailed explanation:
1. First Generation Entrepreneurs:
First-generation entrepreneurs are those who are not born into a business family or do not inherit an existing business. They are self-starters who take the initiative to start their own ventures. In the context of small trading and manufacturing concerns, they are often involved in setting up small-scale businesses and managing the operations themselves.
2. Trading Entrepreneurs:
Trading entrepreneurs are individuals who are involved in buying and selling goods or services. They may set up small trading businesses where they source products from suppliers and sell them to customers. This type of entrepreneur is commonly found in the field of small trading concerns.
3. Business Entrepreneurs:
Business entrepreneurs are individuals who start and manage businesses. They may be involved in various sectors, including trading and manufacturing. While they can also be found in small trading and manufacturing concerns, the term "business entrepreneurs" is more generic and can encompass a wider range of business types and industries.
4. Innovative Entrepreneurs:
Innovative entrepreneurs are individuals who introduce new ideas, products, or services to the market. While they play a crucial role in driving innovation and growth in various industries, they may not be the primary type of entrepreneurs found in small trading and manufacturing concerns. These concerns often focus on established products and processes rather than disruptive innovations.
In conclusion, the suitable type of entrepreneurs found in the field of small trading and manufacturing concerns are First Generation Entrepreneurs. They are self-starters who set up their own businesses and are commonly involved in small-scale trading and manufacturing operations.
The suitable type of entrepreneurs found in the field of small trading and manufacturing concerns are First Generation Entrepreneurs. These entrepreneurs are individuals who start their own businesses and are the first in their family to do so. Here is a detailed explanation:
1. First Generation Entrepreneurs:
First-generation entrepreneurs are those who are not born into a business family or do not inherit an existing business. They are self-starters who take the initiative to start their own ventures. In the context of small trading and manufacturing concerns, they are often involved in setting up small-scale businesses and managing the operations themselves.
2. Trading Entrepreneurs:
Trading entrepreneurs are individuals who are involved in buying and selling goods or services. They may set up small trading businesses where they source products from suppliers and sell them to customers. This type of entrepreneur is commonly found in the field of small trading concerns.
3. Business Entrepreneurs:
Business entrepreneurs are individuals who start and manage businesses. They may be involved in various sectors, including trading and manufacturing. While they can also be found in small trading and manufacturing concerns, the term "business entrepreneurs" is more generic and can encompass a wider range of business types and industries.
4. Innovative Entrepreneurs:
Innovative entrepreneurs are individuals who introduce new ideas, products, or services to the market. While they play a crucial role in driving innovation and growth in various industries, they may not be the primary type of entrepreneurs found in small trading and manufacturing concerns. These concerns often focus on established products and processes rather than disruptive innovations.
In conclusion, the suitable type of entrepreneurs found in the field of small trading and manufacturing concerns are First Generation Entrepreneurs. They are self-starters who set up their own businesses and are commonly involved in small-scale trading and manufacturing operations.
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_______________ type are entrepreneurs are found in the field of small...
First Generation Entrepreneurs
First generation entrepreneurs are individuals who start their own business without any prior experience or family background in entrepreneurship. They are often found in the field of small trading and manufacturing concerns, where they have a hands-on approach to running their businesses.
Characteristics of First Generation Entrepreneurs:
- Willingness to take risks: First generation entrepreneurs are willing to take risks and invest their own resources into their businesses.
- Strong work ethic: They are hardworking and dedicated to the success of their ventures.
- Creativity and innovation: They are always looking for new ideas and ways to improve their businesses.
- Resilience: They are able to bounce back from failures and setbacks, learning from their experiences.
Role in small trading and manufacturing concerns:
First generation entrepreneurs are commonly found in the field of small trading and manufacturing concerns because these industries provide opportunities for individuals to start businesses with relatively low capital investment. They are able to adapt quickly to market changes and are hands-on in managing their operations.
Conclusion:
First generation entrepreneurs play a crucial role in the economy, especially in small trading and manufacturing concerns. Their hard work, resilience, and innovative thinking contribute to the growth and success of their businesses.
First generation entrepreneurs are individuals who start their own business without any prior experience or family background in entrepreneurship. They are often found in the field of small trading and manufacturing concerns, where they have a hands-on approach to running their businesses.
Characteristics of First Generation Entrepreneurs:
- Willingness to take risks: First generation entrepreneurs are willing to take risks and invest their own resources into their businesses.
- Strong work ethic: They are hardworking and dedicated to the success of their ventures.
- Creativity and innovation: They are always looking for new ideas and ways to improve their businesses.
- Resilience: They are able to bounce back from failures and setbacks, learning from their experiences.
Role in small trading and manufacturing concerns:
First generation entrepreneurs are commonly found in the field of small trading and manufacturing concerns because these industries provide opportunities for individuals to start businesses with relatively low capital investment. They are able to adapt quickly to market changes and are hands-on in managing their operations.
Conclusion:
First generation entrepreneurs play a crucial role in the economy, especially in small trading and manufacturing concerns. Their hard work, resilience, and innovative thinking contribute to the growth and success of their businesses.
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_______________ type are entrepreneurs are found in the field of small trading and manufacturing concerns.Fill in the blank with a suitable Type of Entrepreneurs.a)Trading Entrepreneursb)Business Entrepreneursc)First generation Entrepreneursd)Innovative EntrepreneursCorrect answer is option 'C'. Can you explain this answer?
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