In the roles and functions of the entrepreneur identified by Kilby, which of the following is NOT an aspect of ‘political administration’?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Introducing new production techniques and products.
Introducing new production techniques and products is an aspect of technology.
Political Administration (as per Kilby) :
1. Dealing with public bureaucracy (approvals, concessions, taxes)
2. Managing human relations within the firm
3. Managing customer and supplier relations.