Answer:
Entrepreneur is someone who organizes, manages and assumes the risks of a business or enterprise.
The word entrepreneur is originated from the French word "entreprendre" which means " to understand". In the business context, it means to start a business. An entrepreneur is typically in control of a commercial undertaking, directing the factors of production.
The fundamental qualities of entrepreneur are as follows:
- Capacity to think ideas
- Capability to seek, understand and analyse
- Courage to confront with all the possible risks
Major tasks of an entrepreneur are as follows:
- Identification of new goods
- Application of new ideas for production
- Discovery of new market
- Diversification of market
- Identification of raw materials from new location
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