1.

State two qualities of a successful entrepreneur.

Answer»

Two important qualities of a successful entrepreneur:

1. Organizational ability: A successful entrepreneur must be a good organizer. He should have the ability to co-ordinate the effort of the various factors of production. People who are good at their own work but poor organizers cannot make good entrepreneurs. 

2. Attitude of Risk taking: An entrepreneur must be a person who is bold and willing to face the risks and uncertainties of business. A person who is always averse to risk-taking, cannot be a good entrepreneur.



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