Which term defines a person who starts and runs a business, bearing its risks?

Get ready for the DECA Hospitality and Tourism Test. Study with flashcards and multiple choice questions, each question includes hints and explanations. Prepare for your assessment!

Multiple Choice

Which term defines a person who starts and runs a business, bearing its risks?

Explanation:
An entrepreneur is someone who starts and runs a business, taking on the risks and rewards that come with that venture. They often spot a market opportunity, create a plan, secure resources, and make key decisions about how the business will operate. In hospitality, this could be launching a new restaurant, hotel, or tourism service, and handling everything from concept and financing to staffing and daily management. The other terms don’t fit because they describe different things: entry-level refers to a beginner in a job role, e-tail means online retail, and follow-up is an action after a sales or service interaction. None of these describe a person who starts and oversees a business while bearing its risks.

An entrepreneur is someone who starts and runs a business, taking on the risks and rewards that come with that venture. They often spot a market opportunity, create a plan, secure resources, and make key decisions about how the business will operate. In hospitality, this could be launching a new restaurant, hotel, or tourism service, and handling everything from concept and financing to staffing and daily management.

The other terms don’t fit because they describe different things: entry-level refers to a beginner in a job role, e-tail means online retail, and follow-up is an action after a sales or service interaction. None of these describe a person who starts and oversees a business while bearing its risks.

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