Ram, an entrepreneur is running a shoe manufacturing company. What functions can be performed by Ram as an entrepreneur?
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Entrepreneurial functions
Explanation:
There are many qualities that an entrepreneur needs to have to be successful in his dealings.
An entrepreneur is responsible for bringing together all the factors of production
1- The main aim of an entrepreneur is to bring about all resources followed by what policies to make. Depending on the type of company he/she starts.
2- There are many functions to perform, like overlooking everything, from production, to sales, to quality check to final customer relations.
Some things an entrepreneur does in a show manufacturing company,
They Take Initiatives on the type of goods to produce,
- Organizing Resources like raw material for shoe and if labor is needed or machinery will be used.
- Mainly, he will decide if a certain type of risk needs to be taken or not. Example, introducing a new style of shoe or shoes made of a unique raw material not combined in shoes before.
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