Get premium membership and access questions with answers, video lessons as well as revision papers.
In terms of motives the main motive of an entrepreneur is to start a venture by setting up an enterprise in a personal gratification .While the manager render services to the enterprise already set up by someone else such as an entrepreneur.
In terms of status the entrepreneur is the owner of the business venture while manager is the servant in a business venture, owned by entrepreneur.
In terms of risk bearing the entrepreneur being the owner of the business takes all the risk bearing that come out in the business environment while manager does not bear the risk since he or she is a servant.
In terms of reward the entrepreneur being the owner the goods and services earn him or her profit that is highly uncertain while manager get salaries that is fixed and certain.
In terms of innovation the entrepreneur thinks of goods and what he can apply in order to meet the change in demand of them while manager execute the plans prepared by the entrepreneur.Also the entrepreneur acts as a change agent in the business venture.
hydah kerubo answered the question on March 30, 2018 at 18:06
- State the economic factors affecting entrepreneurial development (Solved)
State the factors affecting entrepreneurial development
Date posted: March 30, 2018. Answers (1)
- Which document contains the rules and regulations for the internal management of the company?(Solved)
Which document contains the rules and regulations for the internal management of the company?
Date posted: March 29, 2018. Answers (1)
- Define consumer price index(cpi)?(Solved)
Define consumer price index(cpi)?
Date posted: March 28, 2018. Answers (1)
- List four examples of business resources.(Solved)
List four examples of business resources.
Date posted: March 28, 2018. Answers (1)
- State reasons to why people venture into self employment(Solved)
State reasons to why people venture into self employment
Date posted: March 27, 2018. Answers (1)
- State the characteristics of an entrepreneur (Solved)
State the characteristics of an entrepreneur
Date posted: March 27, 2018. Answers (1)
- Nike products are available across the country. Customers can exchange the product from nearby store. Name the type of fixed shop which exclusively sells nike...(Solved)
Nike products are available across the country. Customers can exchange the product from nearby store. Name the type of fixed shop which exclusively sells nike products.
Date posted: March 26, 2018. Answers (1)
- Discuss the emerging issues and practices in management of business(Solved)
Discuss the emerging issues and practices in management of business.
Date posted: March 25, 2018. Answers (1)
- (a) What is trade liberalization? (b) Highlight the merits and demerits of liberalization?(Solved)
(a) What is trade liberalization? (b) Highlight the merits and demerits of liberalization?
Date posted: March 23, 2018. Answers (1)
- Explain the meaning of Certificate of indemnity/bill of lading and give its functions(Solved)
Meaning of Certificate of indemnity/bill of lading and its functions.
Date posted: March 23, 2018. Answers (1)
- List the features of a company(Solved)
List the features of a company
Date posted: March 23, 2018. Answers (1)
- (a) Define economic integration (b) Discuss the levels of integration(Solved)
(a) Define economic integration (b) Discuss the levels of integration
Date posted: March 23, 2018. Answers (1)
- Explain the importance of audit to a limited liability company(Solved)
Explain the importance of audit to a limited liability company
Date posted: March 22, 2018. Answers (1)
- What is an audit? ...(Solved)
What is an audit?
Date posted: March 22, 2018. Answers (1)
- Kenya's economy largely depends on agricultural produce.Due to the current global climate change which has affected the agricultural sector, outline and explain the steps which...(Solved)
Kenya's economy largely depends on agricultural produce.Due to the current global climate change which has affected the agricultural sector, outline and explain the steps which Kenyan government should take in order foster the growth of the sector.
Date posted: March 21, 2018. Answers (1)
- State reasons why it is undesirable for kenya to over-rely on imported goods and services (Solved)
Reasons why it undesirable to over-rely on imported goods and services
Date posted: March 21, 2018. Answers (1)
- List eight ways of motivating your employees(Solved)
List eight ways of motivating your employees.
Date posted: March 21, 2018. Answers (1)
- Factor to consider when choosing a method of financing a business
(Solved)
Factors put in consideration when choosing methods of financing a business
Date posted: March 21, 2018. Answers (1)
- What is Profit?(Solved)
Profit and loss
Date posted: March 20, 2018. Answers (1)
- Define the term Demand Forecasting(Solved)
Define the term Demand Forecasting.
Date posted: March 20, 2018. Answers (1)