If a student starts a small book-rental centre after noticing a local need, what is it an example of?
Answer and explanation
Correct answer: Starting an enterprise by identifying an opportunity
The student first observes a local shortage or need and then creates a service to address it. This sequence—recognising a problem, developing a useful idea and organising a small venture—illustrates opportunity identification in entrepreneurship. Option A is correct. The situation does not describe copying, avoiding work or merely sitting for an examination.
Frequently asked questions
What is the correct answer to this question?
Starting an enterprise by identifying an opportunity
Why is this the correct answer?
The student first observes a local shortage or need and then creates a service to address it. This sequence—recognising a problem, developing a useful idea and organising a small venture—illustrates opportunity identification in entrepreneurship. Option A is correct. The situation does not describe copying, avoiding work or merely sitting for an examination.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
