What term describes an individual who launches and operates a new business?

• A. Investor
• B. Entrepreneur
• C. Manager
• D. Laborer

Answer: (B)

The term that describes an individual who launches and operates a new business is "entrepreneur." Entrepreneurs are responsible for identifying market needs, creating business plans, securing funding, and overseeing the establishment and growth of their ventures. They take on the risks associated with starting a business while seeking to innovate and bring new products or services to the market.

In contrast, an investor typically provides financial backing for an entrepreneurial venture but may not be involved in the day-to-day operations or decision-making process of the business. A manager, while crucial for the smooth operation of a business, usually takes on a role within an existing company rather than starting a new one. A laborer is a worker who performs tasks but does not engage in the entrepreneurial activities of launching or running a business. Thus, "entrepreneur" is the most accurate term to describe someone who is actively involved in building and operating a new business.