ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ashley is the owner of her bakery. She is the person that bears all risks and combines the factors of production efficiently and effectively with hopes of making a profit. She is a/an
A
manager
B
supervisor
C
counsellor
D
entrepreneur
Explanation: 

Detailed explanation-1: -A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

Detailed explanation-2: -Entrepreneur is an individual who bears the risk of operating a business in the face of uncertainty about the future conditions.

Detailed explanation-3: -Entrepreneurs assume business risks in the most uncertain environments. Their income, wealth, satisfaction and social status are dependent on the outcomes of their decisions in uncertain situations.

Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022

There is 1 question to complete.