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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
State any two differences between an entrepreneur and other factors of production.
Discuss the risk-bearing functions of an entrepreneur.
Mention any three decision making functions of an entrepreneur.
Which function of an entrepreneur allows him to decide the reward that each factor of production should get?
A network of good entrepreneurs will help to generate ______.
______ should have the quality of farsightedness.
Which is the only factor of production that earns profits? Why?
Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:
Uncertainty Bearing
Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:
Innovations
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
