Question

Write any two roles/functions of an entrepreneur.

Hint:

Entrepreneurs are innovators and risk-takers—key drivers of the economy.

Answer 1

An entrepreneur plays several vital roles in a business. Two key functions are:

Innovation: Entrepreneurs bring new ideas, products, or services to the market. Innovation differentiates a business from its competitors and satisfies unmet needs.
Risk Bearing: Entrepreneurs invest their capital and resources into a business and take the risk of failure. This function includes facing uncertainties and managing business operations.
Additional roles include: Organizing resources, decision-making, and strategic planning.