One who accepts the risks inherent in introducing and commercializing a new product or manufacturing process is called a(n)

Question

Quizplus · Accepted Answer

An innovator is someone who introduces and commercializes a new product or manufacturing process. They are often willing to accept the risks involved in doing so, such as financial losses or market rejection. Bankers may provide funding for the venture, but they are not the ones taking on the associated risks. Socialists and rentiers are not specifically related to this context, and while economists may analyze the economic implications of introducing a new product, they are not synonymous with the individual who takes on the associated risks.

One Who Accepts the Risks Inherent in Introducing and Commercializing