An entrepreneur who is in direct control of all business components,marketing,production,finance,human resource,etc.is probably using which of the following types of business mode for exploiting opportunities?
A) Hierarchical.
B) Market-based.
C) Monopoly.
D) Franchise.
E) None of the Above.

Question

Quizplus · Accepted Answer

A hierarchical business model is one where the entrepreneur is in direct control of all business components, including marketing, production, finance, human resources, etc. This type of business model is characterized by a centralized decision-making structure where the entrepreneur has the final say on all matters related to the business. This approach is particularly useful for small businesses that are just starting out and require close supervision and oversight to ensure that they are successful.

An Entrepreneur Who Is in Direct Control of All Business