12th Class Business Studies Entrepreneurship Development

  • question_answer 8)
    "Entrepreneurs undertake moderate risk". Elaborate this statement.

    Answer:

    "Entrepreneurs undertake moderate risks". It implies that an entrepreneur assures various supply of the projects, he agreed to pay salaries, wages, rent whether the venture succeed or not. Secondly, the person who opted a career in entrepreneurship takes a bigger risk as there is no assured pay off. It is said that it is a 50 : 50 situation means loss and profit both are unpredictable. Success depends upon the observations, calculations of risk, skills and confidence. Risk is not centered to one problem it involves many issues like fluctuation in price, taste and preference fashion, risk of strikes, lock outs etc. It becomes the essential feature of the entrepreneurship which is to be focused more and more.


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