Which option shows the most balanced objective of entrepreneurship?
Answer and explanation
Correct answer: Solving problems, creating value, and earning profit responsibly
Entrepreneurship involves identifying needs, creating useful value, organising resources, accepting measured risk, and seeking a return. Responsible profit supports continuity, but it should be earned through lawful and ethical value creation. Quick money alone, unfairly removing competitors, or ignoring customers does not represent a balanced entrepreneurial objective.
Frequently asked questions
What is the correct answer to this question?
Solving problems, creating value, and earning profit responsibly
Why is this the correct answer?
Entrepreneurship involves identifying needs, creating useful value, organising resources, accepting measured risk, and seeking a return. Responsible profit supports continuity, but it should be earned through lawful and ethical value creation. Quick money alone, unfairly removing competitors, or ignoring customers does not represent a balanced entrepreneurial objective.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Concept, characteristics and objectives of business.
