If an entrepreneur identifies new demand but does not arrange resources, what remains lacking?
Answer and explanation
Correct answer: Implementation of opportunity
Resources are needed to turn opportunity into enterprise. Exam tip: understand opportunity and implementation together.
Frequently asked questions
What is the correct answer to this question?
Implementation of opportunity
Why is this the correct answer?
Resources are needed to turn opportunity into enterprise. Exam tip: understand opportunity and implementation together.
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.