INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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THE MOST IMPORTANT FUNCTION OF AN ENTREPERNERUR IS
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Risk assumption function
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Managerial function
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Function if innovation
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Decision making function
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Explanation:
Detailed explanation-1: -Innovation allows businesses to thrive as it brings in creative solutions to problems and allows the business owners to apply their creativity to the max to make their presence valuable in the market. Innovation allows companies to make continuous improvements and helps in enhancing the creativity of the business.
Detailed explanation-2: -’Bear the sense of responsibility’ reflects ‘risk bearing’ capacity and it is most important function of an entrepreneur.
Detailed explanation-3: -The major entrepreneurial functions include risk bearing, organizing, and innovation.
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