How can entrepreneurship help in job creation?
Answer and explanation
Correct answer: As a new venture grows, people may get work
A growing venture may need people for production, sales, accounting, delivery, technology, and customer service. These needs can create direct employment within the enterprise and indirect work for suppliers, transporters, and service providers. Entrepreneurship does not eliminate work or limit every task to the owner. Hence option A correctly describes its employment-generating potential.
Frequently asked questions
What is the correct answer to this question?
As a new venture grows, people may get work
Why is this the correct answer?
A growing venture may need people for production, sales, accounting, delivery, technology, and customer service. These needs can create direct employment within the enterprise and indirect work for suppliers, transporters, and service providers. Entrepreneurship does not eliminate work or limit every task to the owner. Hence option A correctly describes its employment-generating potential.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Role of small businesses in India.
