WORLD HISTORY

HISTORY

THE INDUSTRIAL REVOLUTION

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: -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: -Definition of entrepreneurial profit compensation for the expertise and successful effort of a skilled businessperson. In accounting, any and all profit could be attributed to this effort. In economics, this is the portion over and above a normal profit for typically competent management.

Detailed explanation-3: -An entrepreneur is an individual who establishes and manages the business for the principal purpose of profit and growth.

Detailed explanation-4: -An entrepreneur is a person who sets up a business with the aim to make a profit.

There is 1 question to complete.