Explain any two advantages of being an Entrepreneur? - Vidyadip

Question

Explain any two advantages of being an Entrepreneur?

✓

Answer

Advantages:

Excitement: Due to its high capacity for risk, there is a lot of adventure for example, Steve Jobs left his position in Apple Inc., and started Pixar, which later turned out to be a successful venture.
Originality: Some feel that they can offer a new service or product that no one else has offered before, i.e., I-pod and I-pad
Independence: Some wish to be their own boss and make all the important decisions themselves.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurship: Concept and Functions→Entrepreneurship: Concept and Functions — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What do you understand by the term business?

What is meant by long term capital? Why is it needed?

Modern concept of market has been defined by Peter Drucker as, “The purpose of the business is to create customers and customers do not have geographical boundaries”. What is features of this concept of market can be inferred on the basis of the above definition?

What factors help in determining the resources required?

Classify enterprise into different categories.

"Telephone bill may vary slightly month to month, depending on the usage." According to you it will fall under which category fixed or variable.

“Marketing Manager plays an important role in the organisation”. In the light of the above statement, explain his role.

What is collateral security?

In ‘market penetration strategy', an enterprise attempts to increase the sale of its current products in the current markets by adopting certain approaches. Explain the various approaches briefly.

What do you mean by Gross Profit?