As a research scholar, Richard had built a helicam as part of his project.The helicam could capture aerial images.Realizing the potential use of this product in movie production and military and rescue operations, he started a new venture where he could customize these helicams to fit the specific needs of the buyers and sell them.Richard can be best described as a(n)_____.

Question

Quizplus · Accepted Answer

In the context of this scenario, Richard can be best described as an entrepreneur. Entrepreneurs are the agents who introduce change into the competitive system. They do this not only by figuring out how to use inventions, but also by introducing new products or services, new production processes, and new forms of organization. Entrepreneurs can introduce change by starting new ventures.

As a Research Scholar, Richard Had Built a Helicam as Part