Question

Which of the following is a function of an entrepreneur?
(a) Initiating a business enterprise
(b) Risk bearing
(c) Innovating
(d) All of the above

Answer 1

Hello ❤️

Option A is correct..

Answer 2

Risk bearing and Innovating are the function of an entrepreneur.

What is the function of an entrepreneur?

Risk Bearing:

• The responsibility of an entrepreneur is to take insurance for any risk
• If the product becomes useless then the whole investment is lost
• The profit earned by the entrepreneur depends upon the market condition

Innovation:

• The role of the entrepreneur is to innovate new products and services in the market
• Entrepreneurs must have up to date knowledge about their competitors in the business
• They cannot sell any product if people do not know about the products