Question

It is the role of the ____ to initiate new goods or services and the role of the ____ to coordinate the resources to produce those goods or services.

1) Entrepreneur, Manager
2) Investor, Entrepreneur
3) Manager, Investor
4) Entrepreneur, Investor

Answer 1

The answer is 1) Entrepreneur, Manager. An entrepreneur initiates new goods or services while a manager coordinates resources to produce them.

Step-by-step explanation:

It is the role of the entrepreneur to initiate new goods or services and the role of the manager to coordinate the resources to produce those goods or services. Therefore, the correct answer is 1) Entrepreneur, Manager.

An entrepreneur is a person who seeks to earn profits by finding new ways to organize factors of production, which includes coming up with new product ideas or services. They are risk-takers and the creative force in a market economy. On the other hand, a manager is someone who oversees the coordination of resources and processes to produce goods or services efficiently.