Which of the following is/are the main functions of an entrepreneur?

Establishing new business ventures

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Introducing new methods into practice

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Participating in investment plans

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Bearing risks and uncertainties

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Solution

The correct option is D Bearing risks and uncertainties
An entrepreneur has to perceive opportunities, plan, organise resources, and oversee production and marketing.

The main functions of an entrepreneur include:
(i) starting business activity by making various plans related to the business
(ii) introducing new methods into practice
(iii) bearing risks and uncertainties
(iv) giving directions to the business firm and ensuring its effective operation

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Which of the following is the key function of an entrepreneur?

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