If an entrepreneur identifies an opportunity but does not assess risk and resources, what will be the biggest weakness?
Answer and explanation
Correct answer: Incomplete entrepreneurial planning
Opportunity must be understood with risk and resources. Exam tip: remember entrepreneurship as a complete process.
Frequently asked questions
What is the correct answer to this question?
Incomplete entrepreneurial planning
Why is this the correct answer?
Opportunity must be understood with risk and resources. Exam tip: remember entrepreneurship as a complete process.
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.