What is the most important function of an entrepreneur?
Answer and explanation
Correct answer: Identifying opportunities
An entrepreneur observes needs, problems, and changes in the environment and recognises opportunities to create value through a product or service. Memorising rules may be useful, but it is not the central entrepreneurial function. Following orders and avoiding work describe neither opportunity recognition nor enterprise creation.
Frequently asked questions
What is the correct answer to this question?
Identifying opportunities
Why is this the correct answer?
An entrepreneur observes needs, problems, and changes in the environment and recognises opportunities to create value through a product or service. Memorising rules may be useful, but it is not the central entrepreneurial function. Following orders and avoiding work describe neither opportunity recognition nor enterprise creation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
