Final answer:
Lucy and Ron have used entrepreneurship to establish and run their businesses. Lucy identified a demand for organic products and started her own farm, while Ron leveraged his popularity as a sports superstar to attract customers to his restaurants.
Step-by-step explanation:
Lucy, who runs an organic farm, and Ron, a sports superstar who owns several restaurants, have used entrepreneurship to establish and run their businesses.
Lucy used entrepreneurship by identifying a demand for organic products and starting her own farm to meet that demand. She took the risk of investing her own resources and organizing the factors of production to produce organic goods.
Ron used entrepreneurship by leveraging his popularity as a sports superstar to attract customers to his restaurants. He took the risk of investing in multiple restaurant ventures and managed them to maximize profits.