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.
Frequently asked questions
What is the correct answer to this question?
Problem-based opportunity identification
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
