Manag., December-2019 – Q89

0. Entrepreneurs are motivated to start business enterprise because of various factors:
(a) Ambitious factors
(b) Compelling factors
(c) Facilitating factors
(d) Family factors
Which of the following options is correct?

Answer
Comment
Array

Option : D
Explanation : R.A. Sharma in his studies classified all the factors motivating the entrepreneurs into two types:
1. Internal Factors: The internal factors are:
(a) Desire to do something new
(b) Education background
(c) Experience
2. External factors: The external factors are:
(a) Government assistance and support
(b) Availability of raw material and labour
(c) Encouragement from big business houses
(d) Promising demand for the product
B. Murthy et al. studied and classified the motivating factors for entrepreneurs and classified them into three types:
1. Ambitious factors
2. Compelling factors
3. Facilitating factors

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