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Question

Distinguish between an entrepreneur and an organiser.

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Solution

BasisEntrepreneurOrganiser
1. VentureAn entrepreneur sets up a new enterprise or undertakes a venture for his personal gratification.A manager does not take a new venture and renders service in an existing enterprise.
2. Risk BearingAn entrepreneur assumes risk of economic uncertainty involved in the enterprise.A manager does not assume or share any risk involved in the enterprise he is serving.

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