Which of the following is the primary reason entrepreneurs take risks?

For fame

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For profits

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For adventure

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To assert superiority

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Solution

The correct option is B For profits
Entrepreneurs are an essential factor of production. Therefore, they should possess certain managerial qualities. When entrepreneurs encounter a hurdle in their enterprise, they take risks. With greater risks, the entrepreneurs earn higher profits.

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Similar questions

''Entrepreneurs undertake moderate risks''. Elaborate this statement.

Entrepreneurs undertake

(a) Calculated risk

(b) High risk

(d) Moderate and calculated risk

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