Decision making function of an entrepreneur includes:
A) Hardwork
B)Risk bearing
C) Utilisation of financial resources
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Decision making function of an entrepreneur includes risk bearing.
- an entrepreneur is a person who starts their own business in small or large scale.
- it is may be a start up venture or may be taking up franchise.
- these entrepreneurs invests their own capital at risk.
- as the business is subjected to profit and loss both.
- therefore, a decision making process is always risk bearing and thus should be accompanied with back up plans.
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