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Which statement about entrepreneurship is correct?

Answer and explanation

Correct answer: Entrepreneurship includes identifying opportunities and creating value

Entrepreneurship involves recognising an opportunity or problem, mobilising resources, accepting calculated risk and creating value through a product, service or process. It is not restricted to people who already possess great wealth, though resources are needed. Planning and understanding customers remain important. Therefore option B is the only correct statement.

Related tags

Entrepreneurship-ConceptOpportunityValue-CreationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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