Which term describes a person who initiates a new business or enterprise?

• A. Manager
• B. Investor
• C. Entrepreneur
• D. Executive

Answer: (C)

The term that describes a person who initiates a new business or enterprise is "entrepreneur." An entrepreneur is an individual who takes on the risks and responsibilities of establishing and managing a new business venture. They are often characterized by their ability to innovate, identify market opportunities, and bring new products or services to the market.

Entrepreneurs play a crucial role in the economy by driving innovation, creating jobs, and contributing to economic growth. They often engage in market research to understand consumer needs and trends, and they are typically involved in all phases of business development, from the initial idea and planning stages to execution and scaling.

In contrast, a manager typically oversees the operations and staff of an existing business rather than starting new ventures. An investor focuses on providing capital to businesses, either to start or grow them, but does not necessarily engage in the daily operations. An executive often holds a high-level management position within a company, making strategic decisions but usually not in the role of starting new businesses. Thus, the specific role of initiating a business enterprise aligns closely with the definition of an entrepreneur.