The functions of an entrepreneur include I accessing funds and organizing the business II completing tasks given by the government III operating and evaluating the business performance

CHARACTERISTICS OF AN ENTREPRENEUR

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The functions of an entrepreneur include I accessing funds and organizing the business II completing tasks given by the government III operating and evaluating the business’ performance

A	I only
B	I and II only
C	I and III only
D	II and III only

Explanation:

Detailed explanation-1: -3. Functions of Entrepreneurship. The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.

Detailed explanation-2: -The organizing function of an entrepreneur refers to bringing together the men, material, machine, money, etc. to execute the plans. The entrepreneur assembles and organizes the above mentioned different organs of an enterprise in such a way that these combinedly start functioning as one, i.e., enterprise.

Detailed explanation-3: -Developing a new product. Taking over a competitor’s business. Issuing shares to individuals and institutions. Lowering prices of your product or service.

Detailed explanation-4: -The Architect: Big-Picture Planning. Entrepreneurs set the vision, the romance, and culture around a big and daring goal. The Storyteller: Researching and Selling. The Disciplinarian: Executing. 16-Jun-2010

There is 1 question to complete.

ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR