Question

______ is a person who buys factor services at certain prices with a view to selling its product at uncertain price. ​

Answer 1

Answer:

Products with relatively high prices, or with complex features, are often sold using personal selling. Great examples include cars, office equipment and many products that are sold by businesses to other industrial customers.

Answer 2

Answer:

An entrepreneur is a person who buys factor services at certain prices with a view to selling its product at uncertain price. ​

Explanation:

• An entrepreneur is considered one of the most important people in the field of economic growth.
• They are the ones who set up their own business or an enterprise.
• The word entrepreneur is taken from a French word which means to undertake or to pursue opportunities.
• These entrepreneurs take up a venture, raise funds on their own, and shoulder all the responsibility of its huge risks.
• In simple words, it can be said as a process of giving birth to a new business and raising it on its own.
• Success and failure are completely unpredictable; thus, they pose a huge risk.
• Entrepreneurs are people who have real skills and aptitudes and a strong desire to succeed.
• It’s the entrepreneur who brings changes to the scenario.
• They are equipped with high leadership qualities and an undemanding strength to face any risk that comes their way.