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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business owner
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entrepreneur
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intrapreneur
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manager
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Detailed explanation-1: -The Merriam-Webster Dictionary defines an entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” This definition hardly seems to require an advanced degree or some special initiative.
Detailed explanation-2: -The Merriam-Webster Dictionary defines an entrepreneur as: “one who organizes, manages and assumes the risk of a business or enterprise".
Detailed explanation-3: -Organiser: In a large scale production organisers are only entrusted with the task of organisation of all factors of production and management of the firm. Organisers do not undertake the risks and uncertainties In a joint stock company board of directors are the organisers.