This simple means the risk bearer and the one
who coordinate the other three factors of
production in the best way in other to produce
the required goods and services at a minimum
1. He bears the risk of production :
The entrepreneur provides the finance for the
enterprise and so he bears the risk of
2. Decides on how much to produce : The
quantity of goods to be produced by the
entrepreneur depends on the available
3. Decides in where to produce :
The entrepreneur desides on where to site or
locate his factory or shop so that he can
minimize his cost of production.
4. Decides on what to produce :
Entrepreneur desides on the type of goods or
assortment of goods to produce.
5. Decides on how to produce :
Deside on the efficient methods or factors
combination or organization to be adopted in
production, the quantities and types of tools to
be used.
6. Decides on how to market the products.
7. Decides on the size of the firm.
8. Control of labour force.
note :
The reward for the entrepreneur risk bearing is

THEUPDATESONLINE.COM is a reliable portal that gives updates to it cherished visitors. its a place where teaching and learning takes place, it gives updates on news around the world, Business and Financial tips, investment opportunities,reviews, and many more. There are currently 3 writers, ,Consultants, teachers and an editor making sure visitors get value for their time and money. The CEO of theupdatesonline.com is SIMON AHAFIA, he is a teacher, blogger, web developer , online marketer and an entrepreneur. He is also the CEO of SIMCEL GROUP.

Tagged with: ,
Posted in Business, Education

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Do you have any article, news, press release or eyewitness report for publication? Send it to us and we will gladly work on it for you.


Do you have products and services you want to showcase on this website or portal? Just contact us and we will have a great deal.

WhatsApp: +233547489948

Need your own website/blog? Click below and get started

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: