CSEET · Economic and Business Environment · Entrepreneurship Scenario
An entrepreneur who introduces a completely new product or production method, thereby breaking away from existing practices and creating new markets, is best described as which type of entrepreneur?
The correct answer is the innovative entrepreneur, because such a person introduces new products, methods or markets and breaks away from existing practice, unlike imitative, Fabian or drone entrepreneurs who copy, hesitate or resist change.
- AInnovative entrepreneurCorrect
- BImitative entrepreneur
- CFabian entrepreneur
- DDrone entrepreneur
Explanation
An innovative entrepreneur introduces new goods, methods or markets and drives change. Imitative entrepreneurs copy existing successful innovations, Fabian entrepreneurs are cautious and follow tradition, and drone entrepreneurs refuse to change. So only the innovative type fits the description.
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