Question : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
Option 1: Entrepreneurship
Option 2: Entrepreneurship development
Option 3: Entrepreneur
Option 4: None of the above
Correct Answer: Entrepreneurship
Solution : Entrepreneurship can be defined as a systematic, purposeful and creative activity of identifying a need, mobilising resources and organising production with a view to deliver value to the customer and earn profit in return. Hence Option A is correct.
Question : It is the process of improving their skills and knowledge of entrepreneurship various training and classroom programmes.
Question : Statement 1: Richard defined entrepreneur as the agent who buys means of production at certain prices in order to sell the produce at uncertain prices in the future. Statement 2: Entrepreneurship is a systematic, purposeful activity of identifying a need.
Question : It is the outcome of a dynamic process of interaction between a person and his environment.
Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain. Which characteristics of entrepreneurship is highlighted here?
Question : It mobilises factors of production into a productive enterprise or firm. Which characteristics of entrepreneurship is highlighted here?
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