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What is A person who starts a business to produce a new product in the marketplace is known as?
An entrepreneur
Suppliers in a product market are?
Businesses
What are suppliers in a product market?
Businesses
The risk taker who uses resources in an entire new way to create a new product or service?
Entrepreneur
What term is defined as one who risked personal loss to develop and market a new product?
The term for someone who risks personal loss to develop and market a new product is "entrepreneur." Entrepreneurs invest their time, money, and resources in innovative ideas, often facing significant risks in pursuit of potential rewards. Their efforts can lead to the creation of new businesses and economic growth.
What methods could small businesses us to compete?
There are generally two ways any business can compete - lowest price or uniqueness of product. But you can always focus on promoting your product or company in a different way, which may have the same effect.
What is A person who starts a business to produce a new product in the marketplace is known as?
An entrepreneur
how do business compete with each other?
businesses compete in many different ways for example they compete on price, product quality. Services and advertisment. They do this to get a hold in the market and to beat the competitions to the customers meaning they will get more money and therefore more profit.
What is Innovating entrepreneur?
he is an entrepreneur who innovates new combination,methods,product etc.
What is a entrepreneur.?
An internet entrepreneur is someone with a full-time business selling a product (or service) online.
What is a Internet Entrepreneur?
An internet entrepreneur is someone with a full-time business selling a product (or service) online.
What are the functions of an entrepreneur?
To turn an idea into a marketable product.
What are the degree or certification requirements to be an entrepreneur?
It depends on the specific business. Some require some type of certification particular to the service or product they offer, while other businesses require no educational and/or certitication requirements.
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
What is a good internet entrepreneur?
A good internet entrepreneur is someone who does their research on the product or service they are trying to sell. They also have good marketing skills so they can get their product noticed online.
Why do people choose to become entrepreneur?
The people choose to become entrepreneur because they can start their own business based on the belief than can make their better product and to provide a better product to the companies...
How do you use the word entrepreneur in a sentence?
Many industries began with a single entrepreneur who thought consumers would buy his product. He quit his job and became an entrepreneur in microbrewing, where his beers soon became popular.
