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25 April, 03:06

The entrepreneur's sole function is to combine other resources (land, labor, and capital) in the production of some good or service.

True / False.

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Answers (1)
  1. 25 April, 05:38
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    The correct answer to the following question is false.

    Explanation:

    Entrepreneurship can be defined as a process in which the business is designed, launched and run by a single person, and we call this person entrepreneur or sole proprietor. There are various functions that a entrepreneur performs like making important decisions like what would be the business production policy, how much of the risk to take, what would be the division of income, coming up the new innovations like new new techniques for producing goods, finding new markets.
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