Question

Entrepreneurs typically are innovators who start companies to pursue their ideas for a new product or service.

A) True
B) False
C) Depends on the market demand
D) Only for technology-related ventures

Answer 1

Entrepreneurs are risk-takers who start companies to pursue their ideas for new products or services. They play a crucial role in the economy by introducing innovation and creating job opportunities.

Step-by-step explanation:

Entrepreneurs typically are innovators who start companies to pursue their ideas for a new product or service. They are the risk-takers who are willing to invest their own money and organize resources to produce goods or services. Successful entrepreneurs calculate their risks carefully and weigh them against potential benefits. They play a crucial role in the economy by introducing new and better products, driving innovation, and creating job opportunities.