Final answer:
An individual who innovates and takes risks within an existing organization to develop profitable products or services is known as an intrapreneur. Hence, the correct answer is option c.
Step-by-step explanation:
The individual who works within an existing organization and develops an opportunity for a product or service profitably is known as a C) Intrapreneur. An intrapreneur shares many qualities with an entrepreneur, but the key difference is that intrapreneurs operate within the confines of an already established company.
They use their innovation and entrepreneurial spirit to bring new ideas to life, often leading to profitable new ventures that benefit the company. Similar to entrepreneurs, intrapreneurs are risk-takers; they venture to conceive and promote innovations or ideas, and if successful, they contribute significantly to the organization's competitive edge in the marketplace.