ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurs are individuals who undertake the organization of a new business and the risks and rewards that come with it.

Detailed explanation-2: -A person who undertakes the risk of starting a new business venture is called an entrepreneur.

Detailed explanation-3: -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-4: -The correct answer is an entrepreneur as he is a person who initiates to take risks to start a new business and tends to make high profits.

Detailed explanation-5: -The Merriam-Webster Dictionary defines an entrepreneur as: “one who organizes, manages and assumes the risk of a business or enterprise".