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प्रश्न
Discuss the decision-making function of an entrepreneur.
Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:
Decision Making
उत्तर
Decision-making is an important function of an entrepreneur. He has to take several decisions regarding his business. These decisions may be regarding the following:
- Selection of the commodity to be produced.
- Selection of the design and quality of the product.
- Selection of the location of the plant.
- Decision regarding the scale of production.
- Selection of techniques of production to be employed in the business (i.e., choice between labour intensive and capital-intensive techniques of production).
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संबंधित प्रश्न
Explain the role of an entrepreneur in the economic development of the country.
Define the term ‘Entrepreneur’.
Students to know about the characteristics of entrepreneur, Set up your classroom like a industry. Some Students are asked to act like a businessman, Do the industries activities. Teacher and students together discuss the entrepreneur and their important of development of society.
The ______ has to decide the reward for each factor of production.
______ is a person who starts a business.
______ earns income in the form of profit as a factor of production.
Which function of an entrepreneur allows him to decide the reward that each factor of production should get?
State two ways through which an entrepreneur contributes towards economic development.
Discuss the three functions of an entrepreneur.
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
