The main function of the entrepreneur is to:
A) make routine pricing decisions.
B) innovate.
C) purchase capital.
D) create market demand.

Question

Quizplus · Accepted Answer

The main function of an entrepreneur is to innovate, which involves identifying opportunities or problems in the market and developing new solutions, products, or services to address them. This requires creativity, risk-taking, and a willingness to challenge the status quo. While entrepreneurs may also make pricing decisions and purchase capital, these activities are secondary to their primary role in driving innovation and creating value in the market. Creating market demand is also an important outcome of successful innovation, as new products or services that meet unmet needs or desires can generate significant consumer interest and demand.

The Main Function of the Entrepreneur Is To