‘Hero Motocorp manufactures two wheelers and provide services.’ This is an example of which type of entrepreneur?
Answers
‘Hero Motocorp manufactures two wheelers and provide services.’ This is an example of an industrial entrepreneur under the category of business entrepreneurs.
Business entrepreneurs are those who evolve an idea of a new product or service and hence, set-up an enterprise and arrange resources to make an idea into reality.
These entrepreneurs are further classified as :
(1) Trading entrepreneurs
(2) Industrial entrepreneurs
(3) Corporate entrepreneurs
(4) Agriculture entrepreneurs
(5) Professional entrepreneurs
Industrial entrepreneurs manufacture those products which have more demand in the market and they also offer services, which are popular in the market. They can transform economic resources and technology into a profitable unit. E.g Tata industries etc.
Hope this answer will help you.
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Answer:
Hero MotoCorp retails 10000 two-wheelers after re-opening last week On May 4, Hero MotoCorp became the first two-wheeler manufacturer in the country to resume operations after it reopened three of its manufacturing plants at Dharuhera and Gurgaon in Haryana and Haridwar in Uttarakhand.