Answer to Question #176797 in Economics for Tsakani Basani

Question

The entrepreneurs task is never ending. State whether this statement is true or false and give three reasons why

Answer 1

Entrepreneurs are people who are always doing things they don’t know how to do, because once they know how, they can delegate it to someone else, who will probably do it better.

Customer needs are also never-ending. They don’t need just reliable suppliers, but creative problem-solvers.

Business expansion doesn’t come from routine. Growth comes from extending your products, marketing or distribution, little by little, into emerging niches, and doubling down on the areas where you find traction.

So, the statement is true.