An entrepreneur whose aim is to maximise the economic returns at a level consistent with the survival of the firm, with or without the element of growth is called :

Correct option is D

Introduction: Entrepreneurship classification based on motivation and business goals identifies different archetypes of business owners, where the focus on survival and economic return defines a traditional approach. Correct Answer: Classical entrepreneur.
Information Booster:
· Classical entrepreneur – This type of entrepreneur is motivated by the attainment of profit and the economic viability of the firm.
· Their primary objective is to maximize economic returns to a level that ensures the survival of the enterprise.
· They are often characterized as being satisfied with a certain level of income and stability; hence, the element of growth is secondary or even optional, as long as the firm remains solvent and profitable.
· This approach is rooted in the classical economic theory where the entrepreneur acts as a rational actor seeking to optimize resources for consistent returns.
Additional Knowledge:
· Fabian entrepreneur – These individuals are characterized by extreme caution and skepticism. They are shy and lazy, choosing to imitate or adopt changes only when it becomes absolutely necessary for survival or when failure to do so would result in a loss of prestige/position.
· First generation entrepreneur – This refers to an individual who starts a business based on their own innovative skill or technical expertise rather than inheriting a family business. They are the pioneers in their family tree to enter the business world.
· Modern entrepreneur – A modern entrepreneur is highly dynamic and growth-oriented. Unlike the classical type, they actively seek market expansion, innovation, and constant scaling, often leveraging high-tech solutions and contemporary management practices.