ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.Idea generation
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2. determination of business objectives
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3. raising of funds
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4. All of the above
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Detailed explanation-1: -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. Taking up and reducing business risk. More items •20-Feb-2023
Detailed explanation-2: -The four functions of an entrepreneur are – Innovation & creativity, Risk taking and achievement, organization & management and other functions.
Detailed explanation-3: -The two main functions of entrepreneurs are first, taking the risk of developing new products or services and, second, successfully bringing new products and services into the marketplace.
Detailed explanation-4: -An entrepreneur is a person or a group of persons who establishes an enterprise, take the risks, accumulates all the resources required to carry out production or perform services and creates an innovative product or service.
Detailed explanation-5: -Small Businesses Entrepreneurship. Scalable Start-up Entrepreneurship. Social Entrepreneurship. Large Company Entrepreneurship.