Question

Who are known as Business Entrepreneurs?

Hint:

Entrepreneur = Risk taker + Organizer + Innovator + Profit seeker.

Answer 1

Topic: Entrepreneurship Concepts
Step 1: Understanding the Question:
Define a specific type of entrepreneur who focuses on business ventures.
Step 2: Detailed Explanation:
Business Entrepreneurs are individuals who conceive an idea for a new product or service and then create an organization to materialize that idea into a commercial reality.
They are the "traditional" entrepreneurs who take on financial risks with the primary objective of generating profit.
They handle all aspects of the business, from resource mobilization to marketing and sales.
Step 3: Final Answer:
Individuals who start a commercial venture by identifying a market need and organizing resources to earn profit are called Business Entrepreneurs.