Asked by Katherine Hornsby on May 02, 2024
Verified
Michael Dell was the first individual who sold computers by mail order. The company founded by Dell is now one of the largest and most successful computer companies in the United States. Michael Dell would be classified as a(n)
A) entrepreneur.
B) opportunist.
C) monopolist.
D) socialist.
Entrepreneur
A person who organizes, manages, and assumes the risks of a firm, taking a new idea or a new product and turning it into a successful business.
Monopolist
An individual or entity that holds exclusive control over the supply of a particular good or service, potentially manipulating market conditions.
- Recognize the role and characteristics of entrepreneurs in the business world.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
A
Explanation :
Michael Dell is classified as an entrepreneur because he identified a market opportunity, started his own business, and took on financial risks to bring his innovative idea of selling computers by mail order to life. Entrepreneurs are known for their role in creating new businesses that offer new or existing products and services in new or existing markets.
Learning Objectives
- Recognize the role and characteristics of entrepreneurs in the business world.