Question on: JAMB Commerce - 2002

The major responsibility of an entrepreneur is planning and organizing all activities in the business. Here's why:

• Planning and organizing: Entrepreneurs are primarily responsible for setting the direction of the business (planning) and structuring resources and tasks to achieve those goals (organizing).
• Employing factors of production: While entrepreneurs do employ factors of production, it's a part of the overall process, not the major responsibility.
• Coordinating and determining the proportion of what to produce: This is a key function but falls within the broader responsibility of planning and organizing.
• Directing and controlling all the affairs of the business: This is also a critical part of the entrepreneur's role but is included within the overall planning and organizing responsibilities.