Question

Shantanu wanted to set up a business in which the buying and selling takes place without any face-to-face contact between the buyer and the seller and no middleman is involved in the process. What will be the type of products which will be suitable to be sold, by the business he wishes to start?

Answer 1

willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit". While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these. A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products: "The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.

Answer 2

Hello friend,

Since Shantanu wants to develop a business which involves no face to face communication among the buyer and the seller and nor does any middle man to carry out the meeting, he can open an online business.

Now a days online buying and selling is at its peak. Customers place an online order which is shipped to them as per the given time and online payment is made. This involves no middle party and no face to face communication.

I hope the answer is helpful.

Thanks