Asked by Amanda Rettenmaier on Apr 25, 2024
Verified
Which of the following is not a main function of the entrepreneur?
A) To make routine pricing decisions.
B) To innovate.
C) To assume the risk of economic losses.
D) To make strategic business decisions.
Entrepreneur
An individual who creates new business ventures, taking on financial risks in the hope of profit.
Economic Losses
Financial losses incurred by businesses or economies, often as a result of adverse conditions, decisions, or events that affect income or assets.
- Assimilate knowledge regarding the economic contributions and variances between entrepreneurs, capital resources, labor, and land.
Verified Answer
MK
Malloo Karuss7 days ago
Final Answer :
A
Explanation :
Making routine pricing decisions is typically the responsibility of managers or salespeople, rather than the entrepreneur who is focused on more strategic and innovative aspects of the business.
Learning Objectives
- Assimilate knowledge regarding the economic contributions and variances between entrepreneurs, capital resources, labor, and land.