ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tariffs that must be paid to import goods
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cultural differences between nations
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trade barriers
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all of the above
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Detailed explanation-1: -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-2: -The top 10 challenges faced by entrepreneurs today Cash flow management. Hiring employees. Time management. Delegating tasks.
Detailed explanation-3: -Entrepreneurship is an exciting path that individuals take for personal and professional growth but it is having some risks which can be in the form of financial risk, bankruptcy, environmental risk, competitor risk and economic and political risks. Also see: What is Entrepreneurship?
Detailed explanation-4: -Which of the following may be the greatest risk to the well-being of the entrepreneur? the discrepancy between the entrepreneur’s expectations and the ability to meet demands.