We appreciate your visit to Which person is an example of an entrepreneur A A doctor who completes medical training B A chef who opens a new restaurant C A. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The entrepreneur from the given options is B. A chef who opens a new restaurant, as they embody the characteristics of taking risks and organizing resources to start a new business for potential profits.
Explanation:
An entrepreneur is defined as the person in a market economy who hires workers and buys resources to produce goods and services. This means the entrepreneur acts as the creative force in the economy, taking risks to start new businesses or introduce new products or services. They use savings or borrowed funds to organize the factors of production, which include land, labor, and capital, aiming to create something that meets a demand and has the potential for profit.
In terms of the given options, the person who is an example of an entrepreneur is B. A chef who opens a new restaurant. This individual is demonstrating entrepreneurship by starting a new business and taking on the risks associated with it, with the potential for profit should the restaurant succeed.
This is in contrast to a doctor who merely completes medical training and a musician who writes popular songs, neither of whom necessarily engage in the entrepreneurial act of organizing resources to produce goods or services for the market.
Thanks for taking the time to read Which person is an example of an entrepreneur A A doctor who completes medical training B A chef who opens a new restaurant C A. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
Final answer:
An entrepreneur is a person who starts a new business or takes a financial risk in order to make profits. The chef who opens a new restaurant is an example of an entrepreneur.
Explanation:
An entrepreneur is a person who starts a new business or takes a financial risk in order to make profits. In this case, the chef who opens a new restaurant is an example of an entrepreneur. Opening a new restaurant involves taking a financial risk and starting a business venture to generate profits.
Learn more about Entrepreneurship here:
https://brainly.com/question/33405578
