Question

Henry Ford invested his time, skills and money to created the Ford Motor Company. Because of this, he is an example of an entrepreneur.
true or false

Answer 1

The would most definitely be True.

Answer 2

The correct answer is True

Explanation:

In production, an entrepreneur refers to an individual that designs and creates and business that often involves investing time, effort, money, skills, etc. and coordinating the production factors capital, labor and land to make a profit. One of the most relevant examples of this is Henry Ford who was an American entrepreneur because he created the business or company Ford Motor Company that remains an important international company even nowadays. For doing this, he used his experience, knowledge, time and skills to create cars and later to create a company that included a new production model. Thus, it is true Henry ford is an example of an entrepreneur.