Entrepreneurship: definition and characteristics

Organising ability helps an enterprise run systematically. In exams, treat resource coordination as an entrepreneurial trait.

Home Science knowledge can create a nutrition-based service. In exams, connect subject skills with livelihood.

Good relationships help business stability. In exams, connect customer relations with long-term success.

An entrepreneur has to manage many aspects in balance. In exams, see responsibility broadly.

Differentiation helps create identity in the market. In exams, identify distinct value proposition.

The governing concept is networking as a business resource. An entrepreneur builds useful professional relationships with customers, suppliers, mentors, lenders, workers and other entrepreneurs. These connections can provide market information, advice, referrals, partnerships, finance leads, reliable inputs and access to new customers. Therefore option A is correct: networking links information, support, customers and suppliers and can improve the chances of starting or expanding a venture. It does not mean merely collecting names; the relationships must be relevant and mutually useful. Option B is the opposite of networking because isolation reduces access to information and opportunities. Options C and D are also incorrect because successful entrepreneurship generally depends on understanding customers and using resources effectively, not blocking customers or hiding resources.

Business decisions should be based on facts and market information. In exams, understand the difference between guess and analysis.

Self-motivation leads a person toward improvement. In exams, look for effort without external pressure.

Records clarify business condition and decisions. In exams, connect records with financial discipline.

Starting service after seeing local demand is opportunity recognition. In exams, see demand and location together.

Continuous improvement makes business better according to changing needs. In exams, connect feedback with improvement.

Healthy self-confidence has courage and humility to learn. In exams, separate confidence from arrogance.

Proper packaging can make a product safe and attractive. In exams, connect packaging with marketing and quality.

Small-scale testing reduces risk and gives learning. In exams, treat experimentation as thoughtful risk.

By understanding community need an entrepreneur offers useful and acceptable service. In exams, connect community need with opportunity.

Entrepreneurial qualities are linked with activeness and responsible decisions. In exams, choose the group of positive traits.

Entrepreneurship is a combination of many skills and responsibilities. In exams, understand the definition broadly.

When customer preferences change, an entrepreneur should improve the service or product. In exams, connect market change with customer feedback.

Focusing only on profit can reduce quality and trust. In exams, connect sustainable success with quality.

Turning an idea into small action and improvement is entrepreneurial ability. In exams, treat execution as a key part of entrepreneurship.