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.
Frequently asked questions
What is the correct answer to this question?
A person who starts a new business
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
