ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Takes responsibility for his/her actions and results because only if we recognize our responsibility for the acts and consequences, we will have the ability to improve, move forward, and achieve success.

Detailed explanation-2: -An Entrepreneur is accountable for his/her actions and does what is required. Entrepreneurs believe in themselves. Entrepreneurs develop a plan of action and must make decisions to help achieve that plan.

Detailed explanation-3: -Entrepreneurs are held accountable by their clients to provide their product or service and to themselves to market their business, keep track of all income and expenses and make all the decisions that affect every aspect of their business.

Detailed explanation-4: -Setting the direction and establishing the desired image for the business. Seeking new directions and ways to improve and grow the company. Overseeing financial records and taking action, such as securing a new line of credit to handle unforeseen events.

Detailed explanation-5: -Initiating and leading business activities. Allocating employees’ duties. Forecasting business changes. Creating jobs. Identifying business opportunities. Creating and sharing wealth. Improving the standard of living. More items •20-Feb-2023