Which term defines a person who starts and runs a business, bearing its risks?

Prepare for the DECA Hospitality and Tourism Test with our glossary-based quiz. Study with multiple choice questions and in-depth explanations. Ready yourself for your exam!

Multiple Choice

Which term defines a person who starts and runs a business, bearing its risks?

Explanation:
An entrepreneur is someone who starts and runs a business, taking on the risks and rewards that come with that venture. They often spot a market opportunity, create a plan, secure resources, and make key decisions about how the business will operate. In hospitality, this could be launching a new restaurant, hotel, or tourism service, and handling everything from concept and financing to staffing and daily management. The other terms don’t fit because they describe different things: entry-level refers to a beginner in a job role, e-tail means online retail, and follow-up is an action after a sales or service interaction. None of these describe a person who starts and oversees a business while bearing its risks.

An entrepreneur is someone who starts and runs a business, taking on the risks and rewards that come with that venture. They often spot a market opportunity, create a plan, secure resources, and make key decisions about how the business will operate. In hospitality, this could be launching a new restaurant, hotel, or tourism service, and handling everything from concept and financing to staffing and daily management.

The other terms don’t fit because they describe different things: entry-level refers to a beginner in a job role, e-tail means online retail, and follow-up is an action after a sales or service interaction. None of these describe a person who starts and oversees a business while bearing its risks.

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