c. What are the major functions of the entrepreneur? Instructions: Click in each box for a 'check-mark' for each correct answer and click again to clear the box for incorrect answers. Make routine pricing decisions unchecked Innovate checked Purchase capital unchecked Create market demand unchecked Take risks checked Make decisions

Question

Dominique Hamilton

Business

22 February, 04:55

c. What are the major functions of the entrepreneur? Instructions: Click in each box for a 'check-mark' for each correct answer and click again to clear the box for incorrect answers. Make routine pricing decisions unchecked Innovate checked Purchase capital unchecked Create market demand unchecked Take risks checked Make decisions

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Answers (1)

Know the Answer?

Bella · Answer 1

In your list of options there are 2 Major functions of an entrepreneur:

1. Innovate

2. Take Risks

Explanation:

Remember that being an entrepreneur and being a manager are 2 very different things. When an entrepreneur takes over the functions of a manager then things get more complicated. You can have a really big company that goes belly up because of bad management but that doesn't mean you had an incompetent entrepreneur.

The organizing function is one of my personal favorites. Here you have to get everything together, materials, machinery, material resources to operate, legal requirements etc. Then with successful leadership you can execute the plans directed by the entrepreneur.