Commerce Exam > Commerce Questions > “Entrepreneurs introduce something new ...
Start Learning for Free
“Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?
- a)Risk Taking
- b)Organisation Building
- c)Innovation
- d)Production
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
“Entrepreneurs introduce something new in any branch of economic...
Entrepreneurial function: Innovation
- The quoted lines state that entrepreneurs introduce something new in any branch of economic activity.
- This highlights the entrepreneurial function of innovation.
- Innovation refers to the ability of entrepreneurs to come up with new ideas, products, or processes that are different from the existing ones.
- Entrepreneurs have the vision to identify potentially profitable opportunities and take steps to exploit them.
- By introducing something new, entrepreneurs bring innovation to the market, which can lead to economic growth and development.
- Innovation is a crucial function of entrepreneurs as it drives progress and change in the business world.
- It involves creativity, problem-solving, and the ability to think outside the box.
- Successful entrepreneurs often differentiate themselves by their ability to innovate and bring new ideas to the market.
- Innovation can lead to competitive advantage, increased market share, and higher profits for entrepreneurs.
- Overall, the highlighted entrepreneurial function in the quoted lines is innovation, which plays a vital role in the success of entrepreneurs.
- The quoted lines state that entrepreneurs introduce something new in any branch of economic activity.
- This highlights the entrepreneurial function of innovation.
- Innovation refers to the ability of entrepreneurs to come up with new ideas, products, or processes that are different from the existing ones.
- Entrepreneurs have the vision to identify potentially profitable opportunities and take steps to exploit them.
- By introducing something new, entrepreneurs bring innovation to the market, which can lead to economic growth and development.
- Innovation is a crucial function of entrepreneurs as it drives progress and change in the business world.
- It involves creativity, problem-solving, and the ability to think outside the box.
- Successful entrepreneurs often differentiate themselves by their ability to innovate and bring new ideas to the market.
- Innovation can lead to competitive advantage, increased market share, and higher profits for entrepreneurs.
- Overall, the highlighted entrepreneurial function in the quoted lines is innovation, which plays a vital role in the success of entrepreneurs.
Free Test
FREE
| Start Free Test |
Community Answer
“Entrepreneurs introduce something new in any branch of economic...
Hello! How can I assist you today?
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
“Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer?
Question Description
“Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect 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 “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect 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 “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer?.
“Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect 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 “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect 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 “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer?.
Solutions for “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
“Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice “Entrepreneurs introduce something new in any branch of economic activity. He foresee a potentially profitable opportunity and tries to exploit it.”. Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup