GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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service businesses
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franchisor
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industrial businesses
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entrepreneur
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Detailed explanation-1: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.
Detailed explanation-2: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
Detailed explanation-3: -The key difference between an entrepreneur and a manager is their standing in the company. An entrepreneur is a visionary that converts an idea into a business. He is the owner of the business, so he bears all the financial and other risks. A manager, on the other hand, is an employee, he works for a salary.
Detailed explanation-4: -Meaning of entrepreneur in English. someone who starts their own business, especially when this involves seeing a new opportunity: He was one of the entrepreneurs of the 80s who made their money in real estate. Want to learn more?