ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Because they want a stress free lifestyle
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Entrepreneurs don’t really take on anymore risk than those that do not own their own business
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For the chance to make more money (profit)
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Because the majority of businesses end up making lots of money in the long run.
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Detailed explanation-1: -Innovation and opportunity are tied to risk Business leaders accept risk as a cost of opportunity and innovation. They know it cannot happen if you will not accept the risk that your undertaking might fail.
Detailed explanation-2: -Generally speaking, entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to position themselves as risk-takers position themselves as leaders as well, while others get left behind.
Detailed explanation-3: -Profit is an important incentive that leads entrepreneurs to accept the risks of business failure. Entrepreneurs are individuals what are willing to take risks in order to develop new products and start new businesses. They recognize opportunities, enjoy working for themselves, and accept challenges.
Detailed explanation-4: -Entrepreneurs take the risk of starting a business for all of the following reasons except:a. they want independence.