While selecting a line of business an entrepreneur must keep in his/her mind :
(A) Profitability
(B) Risk involved
(C) Profits
(D) All above
Answers
Answer:
all of the above
Explanation:
all of the above
Answer:
The correct answer is (D) All above
Explanation:
An entrepreneur exists as a person who is creative and innovative in terms of recognizing business opportunities; can accept risks and requisite attitude to run the business. In the procedure, he not only commits himself but also generates jobs for others.
The entrepreneur will carry to learn all the elements which may have an effect on the selection of the type of business. He requires to carefully understand the risks concerned in certain types of business, and the profits that they may get to enjoy by examining other entrepreneurs.
Besides maintaining an open mind while looking for business opportunities and developing business ideas, an entrepreneur must keep in mind that the business idea should use his technical and professional abilities. In order to manage certain manufacturing processes, the entrepreneur must process the requisite talents and qualifications. It would create things easier if he or she had the required knowledge and experience as well.
Hence, While choosing a line in business, an entrepreneur must keep all the above options in his mind.
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