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Which statement about entrepreneurship is the most correct?

Answer and explanation

Correct answer: Entrepreneurship is the process of identifying opportunities and creating value

Entrepreneurship involves recognising an opportunity, mobilising resources, taking informed risks, and creating value through a product, service, or solution. It is not restricted to large factories, does not eliminate the need for planning, and is not simply inherited. Entrepreneurial abilities can be developed through learning and practice.

Related tags

EntrepreneurshipDefinitionEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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