Question

A person who organizes, operates, and assumes the risk for a business venture is called ______________.

Answer 1

Answer:

entrepreneur

Explanation:

If a person decides to organize, assuming risks of a new business then we speak of being an entrepreneur. Entrepreneurs create new models of business, take most of the risks and therefore profit from the benefits if they turn sucessful. Other way to see it is as a innovator, someone having new ideas, offering new goods, innovating existing services or also making better business procedures.

People who have skills , creativity and initiative anticipate current changes and see the future with new ideas to target the market.

In a broader economical sense, the entrepreneurship requires, added value, labor, natural sources and significant capital. Risk taking is always part of this but at times of increased and competitive changes today it is becoming much more necessary.

Answer 2

A person who organizes, operates, and assumes the risk for a business venture. An organizational structure in which each general partner shares in the administration, profits and losses of the operation. So would be an entrepreneur.