Question

State two important functions of an entrepreneur.

Answer 1

The word entrepreneur is derived from the French word, entreprendre, which means 'to undertake'. An entrepreneur is the one who organizes, manages,and assumes the risks of a business or enterprise.Two important functions of an entrepreneur are:

1) Creativity is the spark that drives the development of new products or services. It is the push for innovation and improvement.

2) An entrepreneur bears all the risks associated with the running of a business in order to innovate somethings. Risk taking is one of the key element of entrepreneurship.