Question : It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training. Which characteristics of entrepreneurship is highlighted here?
Option 1: Systematic activity
Option 2: Lawful and purposeful activity
Option 3: Related to innovation
Option 4: Organisation of production
Correct Answer: Systematic activity
Solution : Entrepreneurship is a systematic, step-by-step and purposeful activity. It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training. Hence Option A is correct.
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?
Question : It involves introduction of new products, discovery of new market and sources of supply of inputs, technological break thoughts as well as introduction of new organisation forms for doing things in a better way. Which characteristics of entrepreneurship is highlighted here?
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
Question : It is the process of improving their skills and knowledge of entrepreneurship various training and classroom programmes.
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