The distinguishing function of an entrepreneur is_______
Answer Details
The distinguishing function of an entrepreneur is risk-bearing.
Entrepreneurs are individuals who take on financial risks and uncertainties to create new businesses or bring innovative ideas to the market. They are willing to invest their own money, time, and resources into a venture without any guarantee of success. This risk-taking behavior sets them apart from other business professionals.
Entrepreneurs must also have the ability to identify and evaluate potential risks and opportunities, develop and execute business plans, and adapt to changes in the market. However, while planning, control, and management are all important aspects of entrepreneurship, it is the willingness to take on risk that distinguishes an entrepreneur from other business professionals.