Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an _________________(a)an Entrepreneur (b)an Employee (c) CEO (d) None
Answers
Answer:
d) None
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Answer:
Ritu is an entrepreneur.
Explanation:
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practise of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged. The entrepreneur plays a role in entrepreneurship research, which reaches returning to Adam Smith's and Richard Cantillon's work from the late 17th and early 18th centuries However, until a significant comeback in business and economics from the late 1970s, entrepreneurship was mostly neglected experimentally and theoretically. This neglect peaked in the late 19th and early 20th centuries. In the 20th century, Joseph Schumpeter's work in the 1930s and that of other Austrian economists like Carl Menger, Ludwig von Mises, and Friedrich von Hayek had a significant role in the understanding of entrepreneurship. A successful innovator, in Schumpeter's view, is someone who can and is willing to take a novel concept or invention and turn it into a marketable product. Entrepreneurship uses "the gale of creative destruction," as described by Schumpeter, to partially or completely replace subpar discoveries across
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