Quick Answer: Is a person who assumes the risk of starting a business quizlet?

A person who recognizes a business opportunity and organizes, manages and assumes the risks of starting and operating a business.

Who is a person who assumes the risk of owning and operating a business in exchange for the financial and other rewards it may produce?

An entrepreneur is a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business. Entrepreneurship is the process of recognizing an opportunity, testing it in the market, and gathering the resources necessary to go into business.

What is the act of running a business and taking risks called?

STUDY. Entrepreneur. A person who recognizes an opportunity and who organizes, manages, and assumes the risks of a business enterprise, with the intent of increasing the value of the business. Risk Taker.

Is someone who takes the risk of creating?

An entrepreneur is someone who takes a risk in starting a business to earn a profit whereas; entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.

What is the most important reason many small businesses fail?

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

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