Mr. Ranjan residing in a rural area, realized that there was no STD facility and people had to travel very long to make any call. In order to find solution for this problem he thought of opening a small STD booth in his house. Within a month he started earning lots of money from his STD booth.

Which feature of the entrepreneur is highlighted in the above case? Explain

Question

Mr. Ranjan residing in a rural area, realized that there was no STD facility and people had to travel very long to make any call. In order to find solution for this problem he thought of opening a small STD booth in his house. Within a month he started earning lots of money from his STD booth.

Which feature of the entrepreneur is highlighted in the above case? Explain

Accepted Answer

In this case the feature of problem solver of entrepreneur is being highlighted here. The first and the foremost feature of an entrepreneur is his ability to solve a problem.
Here, Mr. Ranjan identified the problem of the people of his locality and in search of finding the solution of the same came up with the idea of opening an STD booth.

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