Entrepreneurship is related to which process?
Answer and explanation
Correct answer: Idea, planning, and operation of a business
Entrepreneurship is a process that moves from recognising an opportunity and developing a business idea to planning, arranging resources, and operating the venture. It is therefore broader than merely having an idea and is certainly unrelated to writing an examination or avoiding problems. The option covering idea, planning, and operation best represents this process.
Frequently asked questions
What is the correct answer to this question?
Idea, planning, and operation of a business
Why is this the correct answer?
Entrepreneurship is a process that moves from recognising an opportunity and developing a business idea to planning, arranging resources, and operating the venture. It is therefore broader than merely having an idea and is certainly unrelated to writing an examination or avoiding problems. The option covering idea, planning, and operation best represents this process.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
