1.5.1 Role of an entrepreneur - Running and expanding a business

Question 1

After the launch, what do entrepreneurs , become immersed in?

Answer 1

Become immersed in the day-2-day running of the business

Question 2

there are wide range of functions that entrepreneurs need to perform in order to run their business T/F

Answer 2

TRUE

Question 3

Functions entrepreneurs need to perform - 6 (read notes)

Answer 3

-Administration
-Financial management
- managing people
- marketing
- production
-purchasing