If an area lacks clean drinking water, what could be an opportunity for an entrepreneur?
Answer and explanation
Correct answer: Starting an affordable and safe water service
Entrepreneurial opportunity often begins with identifying an unmet need or problem. If a service can provide clean water safely, affordably, and lawfully, it may create social value as well as a viable business. Ignoring the need, blaming people, or keeping a shop closed does not convert a problem into a useful solution.
Frequently asked questions
What is the correct answer to this question?
Starting an affordable and safe water service
Why is this the correct answer?
Entrepreneurial opportunity often begins with identifying an unmet need or problem. If a service can provide clean water safely, affordably, and lawfully, it may create social value as well as a viable business. Ignoring the need, blaming people, or keeping a shop closed does not convert a problem into a useful solution.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
