Final answer:
The correct answer is option C. Entrepreneur.
Step-by-step explanation:
An entrepreneur is a person who starts a business, whether it is one of their own devising or a franchise. They are the risk-taker and the creative element that allows a free market economy to evolve as consumer demand changes. A franchise is another way to begin a business by purchasing the rights to start a business based upon a model designed by the franchisor.
An entrepreneur is a person who starts a business, whether it is one of their own devising or a franchise. They are the risk-taker and the creative element that allows a free market economy to evolve as consumer demand changes. They come up with new products or better ways to deliver existing products.
A franchise is another way to begin a business by purchasing the rights to start a business based upon a model designed by the franchisor. The franchisor provides training, supply chain support, and assistance in setting up operations, while the franchisee pays a franchise fee and royalty fees.