No products in the cart.

What are the two basic roles …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

What are the two basic roles of an entrepreneur

Posted by Trinayana Gohain 4 years, 2 months ago

CBSE > Class 12 > Entrepreneurship

1 answers

Yogita Ingle 4 years, 2 months ago

Initiator: The entrepreneur is the one who initiates the process of creating an enterprise by coming up with the idea for the business and planning out how to turn that idea into a reality.
Risk Taker: In an enterprise, the entrepreneur, being the owner, is the biggest risk taker. He is the one who finds the capital to back up his idea and also the person who is accountable in the face of the failure of that particular idea.
Reduces Risk: It is also one of the most important roles of entrepreneurs to reduce the risk of an enterprise failure by bringing in people that can help the organization grow. These people can be shareholders or investors that have a stake in the company and therefore are motivated to help the company succeed.

2Thank You

ANSWER

Related Questions

What do you mean by public company

Posted by Sanya Srivastava 4 months ago

CBSE > Class 12 > Entrepreneurship

0 answers

34. A factory is engaged in manufacturing washing machines. The following information is available to you Sales = 4,00,000 Direct labour cost (2,000 units) = 40,000 Direct material cost (2,000 units) =₹ 1,00,000 Direct expenses (2,000 units) = 20,000 Fixed cost = 1,20,000 Find out (a) Variable cost per unit (b) Total cost (c) Quantity to be sold at break-even point

Posted by Hdjej Nenej 9 months, 1 week ago

CBSE > Class 12 > Entrepreneurship

0 answers

A beauty parlour

Posted by Kirti Dadhich 9 months, 1 week ago

CBSE > Class 12 > Entrepreneurship

0 answers

1. State the characteristics of Partnership

Posted by Manishka Kotian 6 months, 2 weeks ago

CBSE > Class 12 > Entrepreneurship

0 answers

What is the relevance and impact of industrial policy in shaping economic development and sectoral growth? Provide this answer in detail simple easy points for 10 marks

Posted by Manav Sharma 8 months, 3 weeks ago

CBSE > Class 12 > Entrepreneurship

0 answers

Aneesh, a young entrepreneur, wishes to take his family business of designer fabrics to greater heights with the knowledge he has acquired at National Institute of Fabric Development'. His father gave him 25 lakh as a seed capital to start his own new product line under the family business. Aneesh is venturing into leather and faux leather for which he needs to plan his business before he goes ahead with the execution. He knows that transformation of raw material into finished products takes place with the help of energy, capital, manpower and machinery. Further, he realised that manufacturing operations are highly complex and tedious, hence need to well planned. (a) Identify the component of business plan Aneesh is discussing about. Also state its objective. (b) Explain the three different options available before the venture.

Posted by Darshan Jain 9 months ago

CBSE > Class 12 > Entrepreneurship

0 answers

No.of customer Average billed amount 300. 500 100. 600 100. 400 Calculate the unit price and unit cost from the above details of linkit grocery store.assume unit cost 40% of unit price

Posted by Divyansh Verma 9 months, 1 week ago

CBSE > Class 12 > Entrepreneurship

1 answers

The basic test of a successful entrepreneur is: A) Identification of business opportunities B) Identification of a problem C) Identification of target market D) Identification of ways to earn profit

Posted by Sharvari Gawade 9 months, 1 week ago

CBSE > Class 12 > Entrepreneurship

2 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Manav Sharma 8 months, 2 weeks ago

CBSE > Class 12 > Entrepreneurship