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Who can be called an entrepreneur?

Answer and explanation

Correct answer: One who identifies opportunity and starts enterprise using resources

The direct answer is A: an entrepreneur identifies an opportunity and starts an enterprise by using resources. An entrepreneur notices a need or possibility, takes initiative, organises resources such as money, materials, labour and knowledge, accepts calculated risk, and tries to create value through goods or services. Option A is correct because it includes opportunity recognition, resource use and starting an enterprise. Option B is wrong because merely waiting for instructions shows dependence, not entrepreneurial initiative. Option C is wrong because an entrepreneur does not have to accept every risk, but must assess and manage reasonable risk; always rejecting risk prevents action. Option D is wrong because understanding and meeting customers is normally important for a successful enterprise. The answer does not require that every entrepreneur become rich or succeed immediately. The essential idea is responsible initiative: seeing a possibility and acting on it with planning. Memory cue: entrepreneur means opportunity plus initiative plus organised resources.

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EntrepreneurDefinitionOpportunity

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