entrepreneurship

Question 1

These types of individuals are usually having an enormous amount of energy and capabilities to take charge.
They take initiatives and do not wait for things to happen.
They often possess the leadership qualities and have a great sense of commitment and responsibility in their
ventures.
These types of individuals are good in several in several business related aspects and they try to accomplish
their objectives, whilst heading their missions

Answer 1

Achievement entrepreneur

Question 2

These individuals possess skills to interact with people and have very good soft side of the management
aspects.

Answer 2

Salesman entrepreneur

Question 3

These types of individuals possess the qualities of taking charge of the missions.
 Individuals belonging to this type of entrepreneurship are very competitive by nature but not as co-
operative as one would expect in a team work.
 They are usually found to take positions of high authority, such as external investors or sometimes act as
board of directors.
 They prefer to work in larger organisations than small entrepreneurial businesses.
 They seek comfort in making effective marketing strategies, but not necessary selling products or services.

Answer 3

Manager

Question 4

E n t r e p r e n e u r s h i p a v e n u e s

Answer 4

Firstly, entrepreneurs can seek information to understand the balance of trade
relationships between the exports in potential markets and the merchandising
imports.
Secondly, entrepreneurs can conduct extensive research to understand the political
aspects of the global economy to seek other outlines for strategic and operational
aspects concerning barriers to enter a market.
Thirdly, entrepreneurs can understand the developments of any domestic market of a
country and comprehend how these nations protect their industry by establishing
tariffs, quotas, boycotts, non-tariff, monetary and market barriers (Ramachandran &
Gokila, 2012).