ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Entrepreneurs and employees are both directly affected by the consequences of the decisions to make. manufacturing businesses produce the products they sell. Entrepreneurs constantly change American business and contribute to the overall good of the nation.

Detailed explanation-2: -They have found various factors that influence the intention to start a new business, such as subject norms; attitude; entrepreneurship education; perceived control behavior, personality background, external environment, and the social valuation, and entrepreneurial intentions (Dohse & Walter 2012; Utami, 2017).

Detailed explanation-3: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.

Detailed explanation-4: -They may choose revenue as their key performance indicator or use something more specific, like securing a particular client. Deciding on the direction of a business plan is one of the most fundamental decisions that an entrepreneur can make.

Detailed explanation-5: -Forgas defined the term affect infusion as “the process whereby affectively loaded information exerts an influence on and becomes incorporated into the judgmental process, entering into the judge’s deliberations and eventually coloring the judgmental outcome".