Who is an Entrepreneur?

    2010 TRISTAR Obak #84 John Pemberton - Invented Coca-Cola (Game Changers)(Baseball Cards)
  • Those setting up new businesses are called entrepreneurs
  • They must take the initiative (identify a gap in the market) to set up a new good or service and bringir?t=vishaalslair 20&l=bil&camp=213689&creative=392969&o=1&a=B00483FT7O
    together the factors of production land, labour and capital to set up a business.
  • Entrepreneurs take the risks involved when setting up a business
  • The reward is profit
  • e.g. John Pemberton a pharmacist invented the famous soft drink Coca Cola (1886)

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