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If a student starts a low-capital medicine delivery service for elderly people in the neighbourhood, which aspect of entrepreneurship is shown?

Answer and explanation

Correct answer: Problem-based opportunity identification

The student has noticed a specific difficulty faced by elderly people and designed a service to address it. Identifying a real social problem, arranging limited resources, and offering a useful solution are features of problem-based opportunity identification. The activity may still involve normal business risks; it is not risk-free. The other options ignore the clear customer need.

Related tags

EntrepreneurshipProblem SolvingService BusinessEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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