Analyzing The Nature and Types of an Entrepreneur

Question 1

Independent contractor or a sole proprietor who reports self-employment income, they work for themselves in a variety of trades, professions, and occupations rather than working for an employer.

Answer 1

Self-employed

Question 2

Exploits circumstances to gain immediate advantage rather than being guided by consistent principles or plans

Answer 2

Opportunist

Question 3

Take over a business started by
somebody else and use their own ideas to make it successful

Answer 3

Aquirers

Question 4

Investors or traders who purchase
assets for short periods of time and employ strategies in order to profit from changes in its price

Answer 4

Speculators

Question 5

Business in which an established business owner, sells the rights to use their company name, trademarks opens in new window and business model to independent operators

Answer 5

Franchisees

Question 6

They bring liquidity and assume market risk

Answer 6

Speculators

Question 7

Establish franchisees

Answer 7

Franchisor