Entrepreneurial Mind Mid Term

A practice of starting new business or organization by taking risk in return to identify opportunities.

• Entrepreneurship

• Entrepreneur

• Business

• Management

The person responsible for setting up business or an enterprise; he is one who has the initiative, skill for innovation and who looks for high achievements.

• Entrepreneur

• Entrepreneruship

• Business

• Management

Who gives idea and conceptualized the entrepreneur as an organizer of a business firm, central to its distributed and production functions.

• Karl Marx

• Richard Cantillon

• Richard Cotillon

• Kar Cantillon

A function of an entrepreneur that he has to make decisions as to what, how, when, where and whom it is to be done.

• Planning

• Organizing

• Decision-Making

• Management

A function of an entrepreneur that he has to make decisions as to what, how, when, where and whom it is to be done.

• Planning

• Organizing

• Decision-Making

• Management

One of the the function of an entrepreneur is Management, and it involve the following except;

• Staffing

• Dirrecting

• Controlling

• Planning

One of the the function of an entrepreneur is Management, and it involve the following except;

• Staffing

• Dirrecting

• Controlling

• Planning

One of the function of Entreprenuer where they discovers, change, update or invent new product for their business.

• Dicission Making

• Management

• Innovation

• Risk Bearing

Successful entrepreneurs decide on their own, they believe on their own abilities as they know how to learn from their failure and poor decision making. What kind of Characteristic this entrepreneurs possess?

• Independent

• Self Confident

• Perseverance

• Goal Setting

A type of business entrepreneur who identifies the potential needs of customers and tailors a product or service to meet the marketing needs.

• Trading Entrepreneur

• Indutrial Entrepreneur

• Corporate Entrepreneur

• Agricultural Entrepreneur