Question

Distinguish between the entrepreneur and manager.

Answer 1

Answer:

The entrepreneur of a business is a person who tends to bring together all the factors of production to bring about production. For instance, the factors of production include,

-land

-labor

-capital

-and enterprise.

The entrepreneur is the person who is responsible for making the communication among all these elements possible.He is the owner.

On the other hand, a manager is a person who is an employee of the business.

The manager performs certain important functions like planning, coordinating, controlling and much more. He takes control of supervising the other employees. There are different managers, departmental managers and the head manager.