Question

An entrepreneur is a person who organizes operates and assumes the risk for a business venture. State 5 types of entrepreneurs

 

 

Answer 1

1The following are different types of entrepreneurs ;

  Trading Entrepreneurs

Trading Entrepreneurs are those who undertake trading activities. These entrepreneurs do not concentrate on manufacturing activities. They give more emphasis on the distribution and marketing of goods.

2.      Industrial Entrepreneurs

Industrial Entrepreneurs are those who concentrate on industrial and production activities. They identify the needs of the customers and manufacture a product according to their needs. They are generally a product-Oriented entrepreneur. Example: A manufacturer of Automobile spare parts, computer accessories.

3.      Corporate Entrepreneur

Corporate entrepreneurs are those who exhibit innovative skills in organizing and managing corporate undertakings.

4.      Agricultural Entrepreneur

An agricultural entrepreneur is one who concentrates on agricultural activities. These entrepreneurs concentrate on activities like raising agricultural production, marketing of fertilizers, etc.

5.      Retail Entrepreneurs

Retail entrepreneurs are those who undertake trading activities. They have direct contact with customers and hence they are customer-oriented. Example: An entrepreneur running a departmental store

6.      Service Entrepreneur

 

A service entrepreneur is one who provides services to customers. They make a profit by rendering services. Example: An entrepreneur running a hotel or dry cleaning unit.

1 trading entrepreneur

2 industrial Entrepreneur

3 agricultural Entrepreneur

4 corporate Entrepreneur

5 retail  Entrepreneur

6 servive Entrepreneur