12 Questions
What is the origin of the word 'entrepreneur'?
Derived from the French word 'entreprendre' meaning to undertake
Who was the first economist to introduce the term 'entrepreneur'?
Richard Cantillon
According to J.A. Schumpeter, what defines an entrepreneur?
Someone who introduces innovative changes and is integral to economic growth
Which characteristic is highlighted as essential for a successful entrepreneur?
Willingness to work hard
In which century did the term 'entrepreneur' become associated with persons starting their own enterprises?
18th century
How were Frenchmen undertaking military expeditions referred to in the 16th century?
'Entrepreneurs'
What characteristic is described as the most important for an entrepreneur?
Achievement motivation
What quality does an entrepreneur exhibit by having the capacity to visualize future market changes?
Keen foresight
What does an entrepreneur with high achievement motivation do?
Expect favorable situations for his business
What is a key characteristic of a successful entrepreneur relating to decision-making?
Self-reliance and independence
What quality does an entrepreneur need to have to overcome obstacles and devise plans for success?
Achievement motivation
What does the text emphasize an entrepreneur should always initiate to cater to customer demands?
Innovative activities
Explore the significance of entrepreneurial development in economic growth, industrial development, regional growth, and employment generation. Learn about the history and evolution of the term 'entrepreneur' from its French origins to its modern usage.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
