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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 46

If a person sees a local problem and starts a new service centre with limited resources, what is it an example of?

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Answer and explanation

Correct answer: Entrepreneurship

Turning a problem into an opportunity and starting an enterprise is entrepreneurship. Exam tip: remember opportunity recognition with resource use.

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home-scienceentrepreneurshipopportunity

Frequently asked questions

What is the correct answer to this question?

Entrepreneurship

Why is this the correct answer?

Turning a problem into an opportunity and starting an enterprise is entrepreneurship. Exam tip: remember opportunity recognition with resource use.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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