Advertisements
Advertisements
Question
______ is the most important and specific function of an entrepreneur.
Options
Risk bearing
Organization and management
Marketing
Economic development
Solution
Risk bearing is the most important and specific function of an entrepreneur.
Explanation:
- Risk bearing is the most important and specific function of an entrepreneur, as they take on the financial risks of starting and running a business.
- This involves dealing with uncertainties and potential losses while striving for profit and growth.
APPEARS IN
RELATED QUESTIONS
Discuss three ways by which an entrepreneur promotes economic growth.
State any two differences between an entrepreneur and other factors of production.
Distinguish between an entrepreneur and an organiser.
Discuss the risk-bearing functions of an entrepreneur.
Mention five qualities of a good 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.
Identify the correct statement from the following:
______ earns income in the form of profit as a factor of production.
Discuss the three functions of an entrepreneur.
Explain the importance of an entrepreneur.
