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प्रश्न
Mention any three decision making functions of an entrepreneur.
उत्तर
An entrepreneur is crucial to the decision-making process within a business.
The decision-making functions of an entrepreneur involve:
- Risk assessment and management: Every firm has some level of risk, including financial, operational, regulatory, and market hazards. The entrepreneur is responsible for evaluating these risks and choosing risk-reduction tactics.
- Financial management: It is the responsibility of entrepreneurs to determine the financial needs of their business funding sources, financial reporting, forecasting, and budgeting. They also decide what investments a company should prioritize and how much to control costs.
- Resource allocation: An entrepreneur's responsibility is to distribute resources among the several business operations in order to guarantee the effective and efficient use of resources in order to achieve the highest possible output.
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संबंधित प्रश्न
Discuss three ways by which an entrepreneur promotes economic growth.
The entrepreneur is also called
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 picture above shows which factor of production.
______ is a person who starts a business.
______ is the most important and specific function of an entrepreneur.
A network of good entrepreneurs will help to generate ______.
______ should have the quality of farsightedness.
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
Name the factor of production to which uncertainty-bearing belongs.
