ATF 10203 QUIZ CH1

Theories of Entrepreneurship

• Theories of Entrepreneurship

• 
  Theory of Profit

• X-Efficiency Theory

• All

can be defined as the activity of setting up a business or businesses, and taking on financial risks in the hope of making profit.

defines an entrepreneur as a person who acts as an agent in transforming demand into supply

• Adam Smith (1776)

• Jean-Baptiste Say (1803)

Need for Achievement Theory of McClelland​ (a)

• Need for Achievement

• Need for Affiliation

• Need for Power

• All

Number of types of entrepreneurship

• 7

• 6

• 5

• 3

deals with normal business functions like co-ordinating the business activities.​ ​ ​

• Innovative entrepreneurship
• Innovative entrepreneurship

Draw your emotion today.