Download Tamilnadu State Board Solutions for Class 12th Chapter 24 Types of Entrepreneurs PDF here. These Samacheer Kalvi Class 12th Chapter 24 Types of Entrepreneurs Questions and Answers will help you to improve your skills and score highest marks in the exams. Students can easily learn Chapter wise Samacheer Kalvi 12th Commerce Book Solutions Chapter 24 Types of Entrepreneurs by following the guide provided here.
Tamilnadu Samacheer Kalvi 12th Commerce Solutions Chapter 24 Types of Entrepreneurs
Students can score good marks in the exam by preparing with Samacheer Kalvi Class 12th Commerce Solutions Chapter 24 Types of Entrepreneurs Questions and Answers. Your efforts can give you good results when you have the best resources. Samacheer Kalvi Class 12th Commerce Solutions Chapter 24 Types of Entrepreneurs is the best resource to learn Commerce. Have the best learning with Chapterwise Tamilnadu State Board Class 12th Commerce Solutions to have the best future ahead.
Samacheer Kalvi 12th Commerce Types of Entrepreneurs Textbook Exercise Questions and Answers
I. Choose the Correct Answer
Question 1.
Choose the type of entrepreneur that isn’t based on function:
(a) Innovative
(b) Classical
(c) Fabian
(d) Drone
Answer:
(c) Fabian
Question 2.
Choose the type of Entrepreneur that is not based on Motivation:
(a) Pure
(b) Corporate
(c) Spontaneous
(d) Induced
Answer:
(c) Spontaneous
Question 3.
Which of the following is the Activity of a Business Entrepreneur?
(a) Production
(b) Marketing
(c) Operation
(d) All of the above
Answer:
(d) All of the above
Question 4.
Find the odd one out in the context of Trading Entrepreneur.
(a) Selling
(b) Commission
(c) Buying
(d) Manufacturing
Answer:
(d) Manufacturing
Question 5.
Corporate Entrepreneur is also called as _________
(a) Intrapreneur
(b) Promoter
(c) Manager
(d) Shareholder
Answer:
(b) Promoter
Question 6.
Poultry, Flowers, Fruits, etc., are called allied products of _________ entrepreneur.
(a) Corporate
(b) Retail
(c) Trading
(d) Agricultural
Answer:
(d) Agricultural
Question 7.
_________ Entrepreneur Supply Services Unlike.
(a) Hoteliers
(b) Banking
(c) Airlines
(d) Livestock
Answer:
(d) Livestock
Question 8.
Motive of a Pure Entrepreneur is _________
(a) Rendering service
(b) Earning profit
(c) Attaining status
(d) Both b and c
Answer:
(d) Both b and c
Question 9.
Which of these is based on Technology?
(a) Modem
(b) Professional
(c) Corporate
(d) Industrial
Answer:
(c) Corporate
Question 10.
Which of the below is not a characteristic of a Fabian Entrepreneur?
(a) Conservative
(b) Risk-averse
(c) Sceptical
(d) Adaptive
Answer:
(d) Adaptive
II. Very Short Answer Questions
Question 1.
What is the other name of a business entrepreneur?
Answer:
Business Entrepreneur is also called “SOLO” Entrepreneur.
Question 2.
Mention the other name for the corporate entrepreneur.
Answer:
A corporate entrepreneur is called a promoter. He/she takes initiative necessary to start an entity under corporate format.
Question 3.
Who are agricultural entrepreneurs?
Answer:
Agricultural Entrepreneurs are those Entrepreneurs who raise farm products and market them.
Question 4.
State the name of the following ventures:
- Started by individuals for-profit motive
- Started by Government
- Started by individuals and Government together
- Started as a family business
Answer:
- Private entrepreneur
- State entrepreneurship
- Induced entrepreneur
- Classical entrepreneur
Question 5.
Give some examples of pure entrepreneurs.
Answer:
- Mr. Dhirubai Ambani – Reliance Industries
- Mr. JRD. TATA – Tata Groups
- Mr. N.R. Narayana Moorthy – Infosys.
- Mr. J.V. Sundaram Iyengar – TVS Groups.
III. Short Answer Questions.
Question 1.
Who is a private entrepreneur?
Answer:
Ventures started by individuals either singly or collectively at their own risk after mobilising – various, resources in order to earn a profit are called private entrepreneurship.
Question 2.
What is the political environment?
Answer:
To commence business, various factors are needed. Apart from all other factors, the political environment is also essential. It means that the concessions, incentives provided by the government drive them to enter into venture. The government also provides support in the form of loans, subsidies and other taxes.
Question 3.
List down few examples of pure entrepreneurship.
Answer:
Pure entrepreneurs are individuals who are propelled to enter into venture by psychological and economic motives. They nurture desire of starting a particular venture and earning high profit there from and thus attaining a social status. They apply their knowledge, skill and insight in making the venture a great’ success in order to earn maximum profit out of the venture. Dhirubai Ambani, Jamshedji Tata, T.V. Sundaram Iyengar, Seshadriji, Birla, Narayanamurthi, and Azim Premji are few examples of pure entrepreneurship.
Question 4.
How does a professional entrepreneur operate?
Answer:
Professional entrepreneur is one who is having a rich expertise in starting a venture but lack interest in continuing the venture as a manager or as a owner. He/she simply sells out the venture started by him to someone else after its successful take-off.
Question 5.
Explain, about the agricultural entrepreneur.
Answer:
Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them. They use various inputs like labour, fertilizer, insecticide, water technology, etc., to raise the products and market their products either directly or through co-operative entities or through brokers, or through a tie-up with large retailers.
IV. Long Answer Questions
Question 1.
Explain in detail the classification according to the type of business.
Answer:
Business Entrepreneur: [Mr. Dhirubai Ambani – Reliance Industries]
- He is also called a “SOLO” Entrepreneur.
- He conceives an idea for a new product/service and establishes his idea into reality.
- He takes up productions, operations, and pursues marketing activities.
Trading Entrepreneur: [Mr. G. Rajendran – GRT Jewellers]
- Trading Entrepreneurs are those who restrict themselves to buying and selling finished products.
- They may be engaged in Domestic and Foreign Trade.
- Their core strength lies in Distribution and Marketing.
Industrial Entrepreneur: [Mr. JRD. Tata – Tata Groups]
- These are the Entrepreneurs who manufacture products to cater to the needs of the consuming public after identifying the need left unfulfilled by the manufacturer hitherto.
- They add utility to products rolled out by them which is termed as “Value Addition”
Corporate Entrepreneurs: [Mr. Nandan Nilekani – INFOSYS]
- He is also called as “PROMOTER”.
- He takes initiative necessary to start an entity under the corporate [Joint Stock Company] Format.
- He arranges to fulfil the formalities and registered under the Companies Act.
- The entity is managed by a team of experts [Board of Directors]
Agricultural Entrepreneurs: [Mr. R. Govindaraj – Sri Krishna Integrated Farm]
Agricultural Entrepreneurs are those who raise farm products and market them.
Retail Entrepreneur: [Mr. S. Arumugam – Nilgris]
- Retail Entrepreneurs are those who enter into the venture of distributing the end product to the final consumer.
- They buy the goods in small quantities from numerous wholesalers.
- They sell different products of different Brands to Consumers.
Service Entrepreneur: [Mr. Ramesh Babu – The Billionaire Barber]
- Service Entrepreneurs enter into the venture of supplying service products to end consumer.
- (e.g) Banking – Insurance – Transport – Advisory organisation – Manpower suppliers – Tailor – Barber Repairer, etc.
Question 2.
Discuss the nature of functional entrepreneurs.
Answer:
Nature of functional entrepreneurs:
(i) Innovative Entrepreneur: He is a person who introduces new projects. They observe the environment regarding information to the new venture.
(ii) Imitative Entrepreneur: He refers to the person who simply imitates existing knowledge or technology already in advanced countries. Redesigning of products suited to the local conditions.
(iii) Fabian Entrepreneur: These are said to be conservatives and skeptical about any changes in their organisation. They are risk-averse.
(iv) Drone Entrepreneur: Drone entrepreneurs are those who are totally opposed to changes in the environment. They used to operate in the niche market.
Question 3.
Distinguish between the rural and urban entrepreneur.
Answer:
| S. No. | Rural Entrepreneur | Urban Entrepreneur |
| 1. | It refers to the person who starts a business in rural areas. | It refers to the person who commences business in urban areas. |
| 2. | These entrepreneurs start doing business in the villages and small towns. | They will do their business in the state capital, towns, district headquarters, municipalities, etc. |
| 3. | They may be agricultural and trading entrepreneurs. | They may be an industrial or corporate entrepreneur. |
| 4. | The availability of material and labour is easy. So the cost of operation tends to below. | The availability of material and labour may be difficult. So the cost of operation may be high. |
Samacheer Kalvi 12th Commerce Types of Entrepreneurs Additional Questions and Answers
I. A. Choose the Correct Answer
Question 1.
Potter, Photographer, Weaver, Sculptor, Fitter, Turner, Painter etc. are examples for ………………… Entrepreneur.
a) Technical
b) Non-Technical
c) Professional
d) Modern
Answer:
a) Technical
B. Fill in the blanks
Question 1.
Entrepreneur who commences his entrepreneurial activity in urban areas is called as __________
Answer:
urban entrepreneur
II. Very Short Answer Questions
Question 1.
Give the names of Successful Entrepreneurs in the Tamilnadu Business Scenario.
Answer:
- Mr. T.V. Sundaram Iyengar: TVS Groups. Manufacturing Two Wheelers and its accessories. Now producing a variety of Automobile Products.
- Mr. K.R. Nagarajan: Textile Industry at Tirupur was hailed as the “Dollar city” an undisputed Business centre.
- Mr. N. Natarajan: “Kovai Pazhamudir Nilayam” at Coimbatore.
- Mr. R.G. Chandra Mohan: “Arun Ice Creams”
- Mr. Murugappa Chettiar: Corporate enterprise.
- Mr. P. Raja Gopal: “Hotel Saravana Bhavan” Chain of Restaurants.
Question 2.
Write a short note on retail entrepreneurs.
Answer
Retail entrepreneurs are those who enter into the venture of distributing the end product to final consumer. They used to buy the goods from numerous wholesalers.
III. Short Answer Questions
Question 1.
Who are industrial entrepreneurs?
Answer:
Industrial entrepreneurs are those persons who manufacture products to cater to the needs of the consumers. They may be small, medium, and large entrepreneurs. Industrial entrepreneurs mobilise the resources of various types.
Question 2.
What is the political environment?
Answer:
- Government actions [ Irade restriction – Tariffs – Employment Law etc. will alive is the operations of a company or business is known as the “political environment”.
- It may on a local, regional, national, or international level.
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