An entrepreneur is a person who organises and manages any business enterprise, or one who combines the other factors of ___71___ to start a business and make profit, He possesses considerable initiatuve and is willing to take ___72___. An entrpreneur can be a farme, a dressmaker, a factory owner, a wholesaler or a ___73___. More often than not, it is best for an entrpreneur to start a business from scratch rather than ___74___ in or buy an existing business. One advantage is that he would be independent and not become a ___75___ or get to inherit some bad debt. The ___76___ of a good entrepreneur must include hardwork, innovation and creativity. He must be well-informed and confident to make worthwhile decisions. As it takes a great deal of energy, time and money to operate one’s own business, entrepreneurs must seek to possess goo managerial ___77___ in order to manage theor business successfully.
But how useful is the entrepreneur to the society? He is an innovator who develops new ____78____ and services to make life easier and more comfortable. He plans, organises, directs and ___79___ his business activities effectively, thus minimizing wastage of limited ____80____ and enhancing productivity. Also, he creates employment and contributes to the generation of revenue for the government by paying taxes.
In the above passage, the numbered gaps indicate missing words. Against each number in the passage, four options are given. Choose the word that is the most suitable to fill number 78 in the passage.
- outputs
- yields
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products
- materials