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11th Commerce - Types of Entrepreneurs - Two Marks Study Materials

Published on: 22/01/2020

Types of Entrepreneurs

Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

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Std: 12th Standard - Commerce

chapter: - Model Question paper

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Questions:

Generic 2

8 x 2 = 16

What is state entrepreneurship?

What is classical entrepreneur?

What is modern entrepreneur?

Give some examples of pure entrepreneurs

State the name of the following ventures:
a. Started by individuals for profit motive
b. Started by Government
c. Started by individuals and Government together
d. Started as a family business

Who are agricultural entrepreneur?

Mention the other name for corporate entrepreneur.

What is the other name of business entrepreneur?

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Answers Key:

Generic 2

8 x 2 = 16

Trading/ industrial ventures started by Government under various formats like company, corporation, departments, board denotes state entrepreneurship.

Classical entrepreneur is one who starts his own venture as a family business. They are called life timers. They engage in business as a matter of routine. Entrepreneurs from the business families are called classical entrepreneurs.

Modern entrepreneur is one who keenly observes the dynamics of the market with an eagle eye and identifies the unfilled gaps if any in product/ service marketed. He/she takes initiative in starting the venture to cater to the unmet needs of the market.

(i) Dhirubai Ambani
(ii) T.V. Sundaram Iyengar
(iii) Birla
(iv) Narayanamurthi
(v) Aziz Premji
(vi) Seshadriji

a. Sole Trader
b. Public sector
c. Private sector
d. Joint Hindu Family Business

Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.

Corporate Entrepreneur is otherwise called Promoter.

Business Entrepreneur is also called Solo Entrepreneur.