Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
209 views
in General by (33.7k points)
closed by

Saran wants to start his own business. Suggest him at least four functions of an entrepreneur.

1 Answer

+2 votes
by (34.4k points)
selected by
 
Best answer

The main functions of an entrepreneur are: 

1. Decision Making 

An entrepreneur must be a good decision taker. His decision can determine the profit and loss of the company. 

2. Division of Income 

Income must be divided amongst the different factors of production. Even if there is a loss, the income must be divided accordingly. 

3. Management Control 

An entrepreneur must possess good managerial skills to control the activities of a company. 

4. Risk taking and uncertainty 

An entrepreneur must have skills to calculate the risk and strength to face any uncertain situations.

( Any other function of an entrepreneur)

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...