Question

Define entrepreneur.What are various function of an entrepreneur according to you?​

Answer 1

Entrepreneur:

An entrepreneur is defined as "person in effective control of commercial undertaking; one who undertakes a business or an entreprise.

Entrepreneur is an innovative person who maximises his profit by following new strategies or venturing into new products or services.

Functions of an Entrepreneur:

1. idea generation and scanning of the best suitable idea.

2. determination of the business objectives.

3. product analysis and market research.

4. determination of form of ownership/ organization.

5. completion of promotional formalities.

6. Raising necessary funds.

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