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What can a person who starts a small business be called?

Answer and explanation

Correct answer: Entrepreneur

The direct answer is A: entrepreneur. A person who starts and organizes a business is called an entrepreneur. The person may identify an opportunity, arrange resources, make decisions, accept business risk, produce goods or provide services, and try to earn income. The size of the business does not change the basic meaning: a small shop, home-based service, or small manufacturing activity can also be entrepreneurial if the person starts and manages it. Option A is correct because it names the person who begins and takes responsibility for the business. Option B is wrong because a consumer mainly buys or uses goods and services; that is not the defining role here. Option C is wrong because a spectator only watches and does not organize the enterprise. Option D is wrong because an inactive person does not take initiative or manage business work. Exam cue: a person who identifies an opportunity and starts a business is an entrepreneur.

Related tags

Home-ScienceEntrepreneurshipEntrepreneur

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