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Published on: 10/09/2019
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
Take MCQ Commerce Test1.
2.
Which of these is based on Technology?
Modern
Professional
Corporate
Industrial
3.
Motive of a Pure Entrepreneur is
Rendering service
Earning profit
Attaining status
Both b & c
4.
____________Entrepreneur Supply Services Unlike.
Hoteliers
Banking
Airlines
Livestock
5.
Choose the type of entrepreneur that isn't based on function:
Innovative
Classical
Fabian
Drone
6.
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
7.
Who are agricultural entrepreneur?
8.
Mention the other name for corporate entrepreneur.
9.
Explain about the imitative entrepreneur
10.
How does a professional entrepreneur operate?
11.
What is political environment?
12.
Discuss the nature of functional entrepreneurs.
13.
Explain in detail on classification according to the type of business.(any 5)
1.
(d)
2.
(b)
Professional
3.
(d)
Both b & c
4.
(d)
Livestock
5.
(b)
Classical
6.
a. Sole Trader
b. Public sector
c. Private sector
d. Joint Hindu Family Business
7.
Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.
8.
Corporate Entrepreneur is otherwise called Promoter.
9.
Imitative Entrepreneur
(i) Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
(ii) A simply re-engineer or redesign the products developed in advanced countries and produce a version suited to their local conditions.
(iii) For example, many electronic products invented in advanced countries are simply re engineered in developing countries.
(iv) Similarly expensive medicines developed in advanced countries are simply reengineered by changing the composition of elements or changing the process of production.
10.
(i) Professional entrepreneur is one who is having a rich expertise in starting a venture but lack of interest in continuing the venture as a manager or as a owner.
(ii) He/she simply sells out the venture started by him to someone else after its successful take-off.
(iii) They keep on conceiving new ideas to develop alternative projects.
(iv) These entrepreneurs have got professional expertise in starting the venture and existing it after the establishment.
11.
(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.
12.
1. Innovating Entrepreneur
(a) Innovative entrepreneur is one who is always focussed on introducing a new-project or introducing something new in the venture already started.
(b) Their innovation may take the form of brand new product, upgraded product, new method of production, reengineering of existing product etc.
2. Imitative Entrepreneur
(a) Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
(b) For example many electronic products invented in advanced countries are simply reengineered in developing countries
3. Fabian Entrepreneur
(a) These entrepreneurs are said to be conservatives and sceptical about plasticising any change in their organisation. They are of risk-averse type.
(b) They do not simply change themselves, they change only when they fear than non-adaptability will lead to loss of the enterprise.
4. Drone Entrepreneur
(1) Drone Entrepreneur are those who are totally opposed to changes unfolding in the environment.
(2) Drone never try to adapt themselves with the changes even as a last resort. Example : Global Tooth Power.
13.
(i) Business Entrepreneur:
(a) Business entrepreneur is called solo entrepreneur. He/She is the one who conceives an idea for a new product/ service and establishes a business enterprise to translate his is idea into reality.
(b) Business entrepreneur takes up production, operations and pursues marketing activities.
(ii) Trading Entrepreneur:
(a) Trading entrepreneurs are those who restrict themselves to buying and selling finished goods.
(b) They may be engaged in domestic and international trade. Their core strength lies in distribution and marketing
(iii) Industrial Entrepreneur:
(a) These are entrepreneurs who manufacture products to cater to the needs of consuming public after identifying the need left unfulfilled by the manufacturer hitherto.
(b) Industrial entrepreneurs mobilise the resources of various types and create an entity to manufacture the products or service.
(iv) Corporate Entrepreneur:
(a) Corporate entrepreneur is called promoter. He/She entrepreneur takes initiative necessary to start an entity under corporate format.
(b) Corporate entrepreneur assembles all the resources and put in place organisation to run the business on a day-to-day basis.
(v) Agricultural Entrepreneur:
(a) Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.
(b) Those who raise allied products like poultry, meat, fish, honey, skin, agricultural implements, flower, silk, fruits, prawn, etc. are called
agriculturalentrepreneur.
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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