Who is called an entrepreneur?
Answer and explanation
Correct answer: A person who starts a new business and takes risk
An entrepreneur identifies an opportunity and organises resources to start or develop a business. This role involves decision-making, responsibility, innovation, and bearing business risk in the hope of creating value and earning a return. Merely following orders, avoiding decisions, or seeking profit without work does not define entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
A person who starts a new business and takes risk
Why is this the correct answer?
An entrepreneur identifies an opportunity and organises resources to start or develop a business. This role involves decision-making, responsibility, innovation, and bearing business risk in the hope of creating value and earning a return. Merely following orders, avoiding decisions, or seeking profit without work does not define entrepreneurship.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
