GENERAL KNOWLEDGE

GK

INVENTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who sets up a new business for profit is known as?
A
anarchist
B
Journalist
C
entreprenuer
D
Inventor
Explanation: 

Detailed explanation-1: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Detailed explanation-2: -Profit is sometimes used as a measure of the success of an entrepreneurial enterprise. Profit is the increase in value between the cost of producing something and the revenue received. An entrepreneur, however, may operate or work for an organization that never plans to earn a profit.

Detailed explanation-3: -Innovative entrepreneurs create their businesses with the intent of bringing completely new products or new ideas to market.

There is 1 question to complete.