Which term describes an individual who starts and runs their own business with the intention of making a profit?

Which term describes an individual who starts and runs their own business with the intention of making a profit?

• A. Entrepreneur
• B. Intrapreneur
• C. Non-profit
• D. Investor

Answer: (A)

Entrepreneurship centers on starting and running a business to earn profits, taking on risk to create value. An entrepreneur is someone who does exactly that—creates and operates a new venture with the aim of making money. This distinguishes them from an intrapreneur, who drives innovation inside an existing company rather than starting their own business. A non-profit is organized around a mission rather than profit, reinvesting any surplus to further its cause. An investor provides capital to ventures but doesn’t typically run the daily operations of the business. So, the term that best fits an individual who starts and runs their own business with the intention of making a profit is entrepreneur.

Entrepreneurship centers on starting and running a business to earn profits, taking on risk to create value. An entrepreneur is someone who does exactly that—creates and operates a new venture with the aim of making money. This distinguishes them from an intrapreneur, who drives innovation inside an existing company rather than starting their own business. A non-profit is organized around a mission rather than profit, reinvesting any surplus to further its cause. An investor provides capital to ventures but doesn’t typically run the daily operations of the business. So, the term that best fits an individual who starts and runs their own business with the intention of making a profit is entrepreneur.