Functions of Entrepreneur Flashcards
1
Q
Functions of Entrepreneur
Innovation
A
An entrepreneur is basically and innovator.He introduces new combinations of the products.He introduces new products or brings changes in the existing ones.Customers are satisfied by the new products or the new features in the existing ones.
2
Q
Functions of Entrepreneur
Determination of Objectives
A
An entrepreneur determines the objectives of the business.There may be difference in the primary and secondary objectives of the business.he can change the objectives as per the market situations.
