According to Economists; the major functions of the entrepreneur are the followings, and it is distinct from labor because: A. Create market demand, make routine pricing decisions, and innovate. it is distinct from labor because entrepreneurial ability is directly engaged in production B. Take risks, make decisions, and innovate. it is distinct from labor because entrepreneurial ability is not directly engaged in production C. Create market demand, innovate, and purchase capital. it is distinct from labor because entrepreneurial ability is directly engaged in production. D. Purchase capital, take risks, make routine pricing decisions. it is distinct from labor because its ability entrepreneurial ability is not directly engaged in production.

Question

Social Studies

Ashly Medina

15 April, 20:45

According to Economists; the major functions of the entrepreneur are the followings, and it is distinct from labor because: A. Create market demand, make routine pricing decisions, and innovate. it is distinct from labor because entrepreneurial ability is directly engaged in production B. Take risks, make decisions, and innovate. it is distinct from labor because entrepreneurial ability is not directly engaged in production C. Create market demand, innovate, and purchase capital. it is distinct from labor because entrepreneurial ability is directly engaged in production. D. Purchase capital, take risks, make routine pricing decisions. it is distinct from labor because its ability entrepreneurial ability is not directly engaged in production.

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Answers (1)

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Griffith · Answer 1

Answer: Option B

Explanation:

An entrepreneur is a risk taker, that key word " risk" is what determines the success of an entrepreneur.

They take calculated risk and innovate ideas that would create a demand and also create competitions in the market. They are focussed into production.

What best fits the question above is the key word "risk taker" as entrepreneurs are risk takers that create wealth.