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

Purchasing raw materials

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Hiring labourers

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Organising factors of production

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Bearing risk

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Solution

The correct option is D
Bearing risk

There is no other factor of production except the entrepreneur, who bears the risk of the business. Hence, bearing risk is the key function of an entrepreneur.

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

The correct option is D Bearing risk There is no other factor of production except the entrepreneur, who bears the risk of the business. Hence, bearing risk is the key function of an entrepreneur.

The correct option is D
Bearing risk

There is no other factor of production except the entrepreneur, who bears the risk of the business. Hence, bearing risk is the key function of an entrepreneur.