What is the main purpose of entrepreneurship?
Answer and explanation
Correct answer: Identifying problems and creating value
Entrepreneurship involves identifying an opportunity or need, organizing resources, taking a calculated risk, and creating value through a product or service. It may generate income and employment, but its central activity is solving a problem in a useful way. Therefore option A is correct. Salaried employment, careless spending, and working alone do not define entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
Identifying problems and creating value
Why is this the correct answer?
Entrepreneurship involves identifying an opportunity or need, organizing resources, taking a calculated risk, and creating value through a product or service. It may generate income and employment, but its central activity is solving a problem in a useful way. Therefore option A is correct. Salaried employment, careless spending, and working alone do not define entrepreneurship.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
