What is the main work of an entrepreneur?
Answer and explanation
Correct answer: Starting and running a new business
An entrepreneur identifies an opportunity, organises resources, takes informed decisions, and starts or manages a business to provide goods or services. Starting and running a new business captures the central role described here, although entrepreneurship also involves planning, innovation, and risk management. The other options describe avoidance, poor customer understanding, or careless spending, not entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
Starting and running a new business
Why is this the correct answer?
An entrepreneur identifies an opportunity, organises resources, takes informed decisions, and starts or manages a business to provide goods or services. Starting and running a new business captures the central role described here, although entrepreneurship also involves planning, innovation, and risk management. The other options describe avoidance, poor customer understanding, or careless spending, not 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.
