Enterpreneurship Development

Module -1
Entrepreneurships (Two Mark Questions)
1.

Define Entrepreneurship ?
It is defined as the activity of an individual or a associated individuals, undertaken to

initiate, maintain or aggrandize profit by production or distribution of economic goods and services. 2.

List the different types of Entrepreneurs?
The different types of Entrepreneurs are

1.
3.

Innovating Entrepreneur
Fabian Entrepreneur

2.
4.

Imitative Entrepreneur
Drone Entrepreneur

3.

What are the characteristics of an Entrepreneur?
The various characteristics are hard work, Achievement, optimistic, Independence,

foresight, Organiser Innovator.
4.

List out some successful entrepreneurs in our country?
Tata, Birla, Modi, Dalmia, Kirlosker are some for the successful entrepreneurs in our

country.

5.

Classify the entrepreneurship Functions?
They are classified into Risk- bearing organization and innovation.

6.

What do you mean by solo operators?
Solo operators are entrepreneur who essentially work alone and if needed at all,

employ a few employees

7.

Who are active partners?
Active partners are those entrepreneurs who start/carry on an enterprise as a joint

venture.

8.

Who are inventors?
Entrepreneurs with their competence and inventiveness invent new products. They are

called as inventors.
9.

Give any two difference between entrepreneurs and Intrapreneur?
Entrepreneurs

(i)

An entrepreneurs is independent

Intrapreneur
Intrapraneur is dependent on the entrepreneurs (ie) the owner

(ii)

Funds are not raised by the

Funds required for the enterprise
10.

An entrepreneurs himself raises

by the intrapreneur

Define innovating Entrepreneurs?
Innovating entrepreneurs is one who introduces new goods, inaugurates new methods

of production, discovers new market and reorganizes the enterprise.
11.

Define imitative entrepreneurs?
Imitative entrepreneurs do not innovate the charges