What Is The Entrepreneur Decision Process?
The Entrepreneur decision making process is based on the experience he has from his life. So many factors contribute in taking any decision such as experience, market situation, profit margins, market expansion, good will and many more things. So all of these things have an influence on the decision of an entrepreneur. He assigns weight when considering these factors in the decision making of anything. So this is how the entrepreneur makes decision about anything.
Answers
Yes you are absolutely right about Entrepreneur Decision Process. An entrepreneur is a person who is solely responsible for his decisions about his business. This is because it is his own initiative. He makes these decisions based on the factors you have mentioned above. His own personal thinking has a major role to play in his decision process.
answered 4 months ago
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