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Who is called an entrepreneur?

Answer and explanation

Correct answer: A person who starts a new business

An entrepreneur identifies an opportunity or need, organises resources, starts or develops a venture, and accepts responsibility for decisions and related uncertainty. A new business founder is a clear example. Merely following orders, refusing all risk, or only spending money does not describe the entrepreneurial role.

Related tags

EntrepreneurDefinitionInitiativeEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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