The responsibility of an Organiser is to
Coordinate the factors of Production substantiate.
Answers
Answer:
There are four main factors of production. Land, Labour, and Capital are the main factors of production. The entrepreneur is the one that combines these factors in the correct proportion and mobilizes them. Let us learn more about entrepreneurs and their main functions.
Answer:
The entrepreneur is the one that initiates the process of production by mobilizing the other factors of production. He organizes, manages and controls the affairs of the firm. He is the risk bearer and in consideration of this the profit maker as well. Simply put the entrepreneur is the owner of the business.
However, these are the days of specialization. So we often see a separation between ownership and management. So we now have a different set of functions for the managers and the entrepreneurs.
The managers take care of the routine day to day decisions. The entrepreneurs focus on the risk bearing and initiating production. Let us take a look at some functions of the entrepreneur.
Explanation:
Hope you got your answer