The Role of Entrepreneurship in Economic Growth Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and gives … Read more
Role of Entrepreneur in Economic Development Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and … Read more
Entrepreneurship and Its Key Traits Entrepreneurship is the process of observing a business opportunity, assembling the required assets, and taking the initiative to start and run a new company. The various traits of a successful entrepreneurship are as follows i. Hard Work: Entrepreneurs are often willing to put in long hours and effort to achieve their … Read more
Key Traits of an Entrepreneurial Person Entrepreneurship is the process of observing a business opportunity, assembling the required assets, and taking the initiative to start and run a new company. The background characteristics needed to be identified as an entrepreneurial stuff are as follows: i. Hard Work: Entrepreneurs are often willing to put in long … Read more
Subject: Entrepreneurship Identifying and Analyzing Opportunities Questions Group A: Very Short Answer Questions 1. (2023 Fall Q. No. 6) Mention the benefit of Turn-Key projects. Answer: The benefits of Turn-Key projects are as follows:i. Time-Savingii. Risk Reductioniii. Efficiency 2. (2023 Spring Q. No. 5) How is a turnkey project different from a licensing agreement? Answer: … Read more
Subject: Entrepreneurship Creativity and Business Idea Questions Group A: Very Short Questions 1. (2023 Fall Q. No. 5, 2021 Spring Q. No. 9) Define e-commerce. Answer: E-commerce refers to buying and selling goods and services over the Internet. It has become a vital part of modern business, allowing companies to reach a global audience. 2. … Read more
Subject: Entrepreneurship Entrepreneurial Strategy Questions with Answers Group A: Very Short Questions 1. (2023 Fall Q. No. 3) Enumerate the advantages of first movers. Answer: The advantages of first movers are as follows:i. Cost Advantageii. Less Competitive Rivalryiii. Securing Important Channelsiv. Customer Satisfaction and Market Positioning 2. (2023 Fall Q. No. 4) Outline the major … Read more
Subject: Entrepreneurship Entrepreneurial Intentions Questions with Answers Group A: Very Short Questions 1. (2023 Fall Q. No. 7, 2019 Spring Q. No. 2, 2019 Fall Q. No. 6) Explain the difference between entrepreneur and manager. Answer: The differences between an entrepreneur and a manager are as follows: Entrepreneur Manager Starts and owns a business. Works … Read more
QUESTION : Shareholders’ interest and stakeholders’ interest are always being a matter of discussion in business houses. In your opinion, how do shareholder’s value theory and stakeholder theory of the firm differ? Answer: The discourse surrounding the interests of shareholders versus those of stakeholders represents a significant aspect of corporate governance and business ethics. The … Read more
Subject: Entrepreneurship Introduction to Entrepreneurship Questions Group A: Very Short Questions 1. (2023 Fall Q. No. 1) List out the government agencies supporting entrepreneurship development in Nepal. Answer: The government agencies supporting entrepreneurship development in Nepal are as follows:i. National Planning Commission (NPC)ii. Trade and Export Promotion Center (TEPC)iii. Department of Cottage and Small Industries … Read more