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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
Define the term ‘Entrepreneur’.
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.
The income earned by an entrepreneur is residual in nature. Explain.
Discuss the risk-bearing functions of an 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.
In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
Which function of an entrepreneur allows him to decide the reward that each factor of production should get?
'Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
Name the factor of production to which uncertainty-bearing belongs.
