Question

Write any two roles/functions of an entrepreneur.

Hint:

Entrepreneurs are innovators and risk-takers—key drivers of the economy.

Answer 1

An entrepreneur fulfills multiple critical functions within a business. Two primary functions are: Innovation: Entrepreneurs introduce novel concepts, products, or services to the market, differentiating their business and addressing unmet demands. Risk Bearing: Entrepreneurs commit their capital and resources, accepting the inherent risk of failure. This involves navigating uncertainties and overseeing business operations. Other responsibilities encompass: Resource organization, decision-making, and strategic formulation.