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Understanding Businessmen and Entrepreneurs

A businessman is someone who undertakes business activities to generate revenue and economic growth. They choose businesses that are in high demand or will provide maximum profit, facing competition from others in the same market. Examples include online selling and franchising.

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5 views3 pages

Understanding Businessmen and Entrepreneurs

A businessman is someone who undertakes business activities to generate revenue and economic growth. They choose businesses that are in high demand or will provide maximum profit, facing competition from others in the same market. Examples include online selling and franchising.

Uploaded by

nic
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Who is a businessman?

A businessman is an individual
who undertakes activities to
generate cash flow, sales and
revenue by utilizing a
combination of human, financial,
intellectual and physical capital
with a view to fueling economic
development and growth.
(Wikipedia)

A person who brings his unique ideas to run


a startup company is an entrepreneur. A
startup is a new business ventured into by
an entrepreneur for the first time. A person
who starts a business based on an old
concept or idea is a businessman.
Another term to remember is a founder. A
founder refers to someone who starts up or
launches a business. If there are more
than one founders, they are called co-
founders.

The businessman chooses to do


business that is high in demand or
give him maximum profit. Therefore,
a person who engages in a business
because he sees that he will earn
maximum profit from the goods or
services is a businessman. Because
the business he chooses is high in
demand, the businessman is faced
with a high competition likewise. In
the market, he will have to face other
businessmen engaged in the same
type of business. The advantage of
having to invest in a product or
service that is already in demand is
that the risk is low. *

Examples:

Online Selling

Franchising

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