the entrepreneur Flashcards
1
Q
the name 5 reasons why an entrepreneur would want to start a business
A
- to make a change (charity)
-to fill a gap in the market
-profit (making money)
-be your own boss (decide what you want to do, where you’ll take the business)
-peruse a passion (taking up a hobby as a business)
2
Q
what is an entrepreneur
A
the person who manages the factors of production. the person who takes the risk to start a business
3
Q
what are the characteristics of an entrepreneur
A
- Risk taker
- Organised
- innovative
4.determined + hard working
4
Q
what are the objectives of an entrepreneur
A
- make a profit
- flexible working hours
- make a change to society
- fill a gap in the market
- grow a hobby
