An entrepreneur is primarily engaged in_________

Assessment: WAEC SSCE - Marketing - 2016 (Objective) Subject: Marketing

Question 1 Report

An entrepreneur is primarily engaged in_________

Answer Details
An entrepreneur is primarily engaged in "innovation". An entrepreneur is a person who identifies a business opportunity and takes the necessary risks and actions to start and grow a new business venture. They are often associated with innovation, as they develop new ideas, products, or services that are different or better than existing ones, or create new markets where none existed before. Entrepreneurs are motivated by the desire to solve problems, create value, and make a difference in the world. They take calculated risks, are willing to learn from failures, and have a strong drive to succeed. While transportation, distribution, and promotion are important aspects of running a business, they are not the primary focus of an entrepreneur. Instead, entrepreneurs are focused on creating something new and innovative that will meet the needs and wants of customers in a unique and compelling way.

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