Question

functions and role of entrepreneurship

Answer 1

Answer:

Innovation is one of the most important functions of an entrepreneur. An entrepreneur uses information, knowledge and intuition to come up with new products, new methods of reducing costs of a product, improvement in design or function of a product, discovering new markets or new ways of organization of industry.

Answer 2

Explanation:

Functions of an Entrepreneur – Risk Bearing, Administrative, Decision-Making and Distributive Functions. An entrepreneur frequently has to wear many hats. He has to perceive opportunity, plan, organize resources, and oversee production, marketing, and liaison with officials.