GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What do we call a person who is willing to take the risks of starting a business in order to make a profit?
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Proprieter
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Partner
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Entrepreneur
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Incorporater
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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: -Risk-taking is an important part of entrepreneurship and business. Risk-taking is defined as trying out something new when the results are largely unknown. A risk-taker is someone who will risk everything in the hope of achieving their goals.
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