Explain in detail on classification according to the type of business.

1.	Explain in detail on classification according to the type of business.
Answer» Classification of Entrepreneur according to the type of business: (i) Business Entrepreneur: He is called solo entrepreneur. He is the one who finds out an idea for a new product or service and establish a business enterprise. (ii) Trading Entrepreneur: Trading entrepreneurs are those who restrict themselves to buying and selling finished goods. (iii) Industrial Entrepreneur: These are entrepreneurs who manufacture products to cater to (iv) Corporate Entrepreneur: He is called as promoter. He takes initiative necessary to start an entity under corporate format. (v) Agricultural Entrepreneur: These entrepreneurs are those who raise farm products and market them.

Answer»

Classification of Entrepreneur according to the type of business:

(i) Business Entrepreneur: He is called solo entrepreneur. He is the one who finds out an idea for a new product or service and establish a business enterprise.

(ii) Trading Entrepreneur: Trading entrepreneurs are those who restrict themselves to buying and selling finished goods.

(iii) Industrial Entrepreneur: These are entrepreneurs who manufacture products to cater to

(iv) Corporate Entrepreneur: He is called as promoter. He takes initiative necessary to start an entity under corporate format.

(v) Agricultural Entrepreneur: These entrepreneurs are those who raise farm products and market them.

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