Can I have an answer for this one, please? ENTREPRENEUR'S TASK• Provide products and services for customers and producers• Provide employment• Provision of payment of taxes• Provide for supplier's products and services• Provide training facilities for future entrepreneursThe Entrepreneurial TasksLand (Natural Resources).Labor (Human Resources)Capital (Financial ResourcesEntrepreneurProduction ProcessFinancial Good and ServicesFigure 1 Entrepreneurial TasksIn an attempt to make profits, the ENTREPRENEUR performs:• Supply the necessary capital• Organize production by buying and combining inputs like materials and labor• Decide on the rate of output, in the light of his expectation about demand• To bear the risk inherent to the venture

Entrepreneurship is the process of identifying, exploring, and pursuing opportunities to start and…

Answered: In an attempt to make profits, the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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In an attempt to make profits, the ENTREPRENEUR performs: • Supply the necessary capital • Organize production by buying and combining inputs like materials and labor • Decide on the rate of output, in the light of his expectation about demand • To bear the risk inherent to the venture