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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - Types of Entrepreneurs, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
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
Take MCQ Commerce Test1.
Explain about the agricultural entrepreneur
2.
Who are modern Entrepreneur?
3.
How do Induced Entrepreneur Works?
4.
Write a short note on
(i) Urban Entrepreneur
(ii) Rural Entrepreneur
5.
Explain in details of classification based on technology.
6.
Write a short note on
(i) Retail Entrepreneurs
(ii) Service Entrepreneur
7.
List down few examples of pure entrepreneurship.
8.
What is political environment?
1.
(i) Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.
(ii) They use the various inputs like labour, fertilizer, insecticide, water technology, etc.
(iii) Those who raise allied products like poultry, meat, fish, honey, skin, agricultural implements, flower, silk, fruits prawn, etc.
(iv) Those entrepreneurs pursue their venture in agriculture and allied sectors.
2.
(i) Modern entrepreneur is one who keenly observes the dynamics of the market with eagle eye and identify the unfilled gaps, if any in product/service marketed.
(ii) He/she takes initiative in starting the venture to cater to the unmet needs of the market.
3.
(i) An induced entrepreneur is one who is inspired to take up entrepreneurial activity thanks to entreprenetuship friendly policies put in place by the Government.
(ii) In other words, concessions, incentives and soaps provided by the government drive them to enter into venture.
(iii) Government provides a great deal of support in the form of loans, subsidies, nominal rate of interest, tax breaks, tax holidays, training, import of technology from abroad, concessions for export oriented item, allotment of sheds and lands at subsidised price, etc. impel the potential entrepreneurs to start the venture.
4.
(i) Urban Entrepreneur:
(a) An entrepreneur who commences his entrepreneurial activity in urban areas like State Capital, District Headquarters, Towns, Municipalities, etc.,
(b) They may be an industrial entrepreneur or corporate entrepreneur or retail entrepreneur.
(ii) Rural Entrepreneur:
(a) These are people who start a venture in rural locations.
(b) They are provided a lot of economic and fiscal incentives to start their venture in rural and semi-urban areas in order to check the exodus of rural people to urban centers in pursuit of employment opportunity.
5.
(i) Technical Entrepreneur:
(a) Technical entrepreneurs are such of those craftsmen like a welder, fitter, moulder, draughtsman, turner, carpenter, goldsmith, tailor, photographer, repairer, weaver, sculptor, potter, wiremen or so on who start small ventures.
(b) This type of entrepreneur demonstrates their creative talents by . producing innovative products.
(ii) Non-technical Entrepreneur:
Non-technical Entrepreneurs are those who do not possess any technical competence to produce the goods or service but have special talents to market the products successfully or expertise to distribute the products produced by technical entrepreneur effectively to channel members and end consumers.
(iii) Professional Entrepreneur:
(a) A professional entrepreneur is one who is having rich expertise in starting a venture but lack interest in, continuing the venture as a manager or as an owner.
(b) They keep on conceiving new ideas to develop alternative projects.
6.
(i) Retail Entrepreneurs:
(a) Retail entrepreneurs are those who enter into a venture of distributing the end-product to the final consumer while wholesale entrepreneurs take up the venture of distributing the product to the retailer.
(b) They used to buy the goods in small quantities from numerous wholesalers and make it available different products of different brands under one roof to end consumer.
(ii) Service Entrepreneur:
(a) Service entrepreneurs enter into - the venture of supplying service products to end consumers.
(b) Hoteliers, airlines, banking, insurance', and financial service providers, repair service organization, bus operators, train service, advisory organization, advertising firms, manpower supplier, etc., come under service entrepreneur's category.
7.
(i) They nurture desire of starting a particular venture and earning high profit there from and thus attaining a social status.
(ii) They apply their knowledge, skill and insight in making the venture a great success in order to earn maximum profit out of the venture.
8.
(i) political environment is the state government and legislation, public and private state holder
(ii) It has an impact on the business whether in a positive or negative way.
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards