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An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipAn Entrepreneur3 Marks
Question
Who are Fabian Entrepreneurs? Give one example.
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Answer

  1. Fabian entrepreneurs are very shy and lazy.
  2. They are very cautious and skeptical while practising any change.
  3. Their dealings are determined by costumes, religion, tradition and past practices and experience.
  4. They do not venture or take risks. They are rigid and fundamental in their approach.
  5. They are second generation entrepreneurs in a family business enterprise. They follow the footsteps of their predecessors.
  6. They imitate only when they are sure that failure to do so would result in a loss of the relative position in the enterprise.

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