INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is considered the employer of a new business
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The employee
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The entrepreneur
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The boss
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None of the above
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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: -Proprietor The title of proprietor is similar to that of an owner, as they are both typically used to describe the owner of a small business.
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