BUSINESSPERSON AND ENTREPRENEUR: A DISTINCTION

Question 1

it is usually concerned with the business aspect.
they are imitators and waits for the innovations made by the entrepreneur. motivated by the financial reward of the business activity

Answer 1

businessperson

Question 2

it is more concerned with the insight aspect. they are innovators, observant, and risk-taker. they also goes beyond the profit motive

Answer 2

entrepreneur

Question 3

it is someone who owns enough productive assets; passive recipient of the fruits of the toils of other stakeholders in the business activity

Answer 3

capitalist

Question 4

he is an american economist that view profit as the primary responsibility of a business. and he also wrote the article titled: “The Social Responsibility of Business is to Increase its Profits”

Answer 4

milton friedman

Question 5

for him, business exists to respond to the societal needs

Answer 5

paul caminisch

Question 6

the motive is not the purpose

Answer 6

ronald f. duska