What is the difference between opportunity recognition and mere imagination in entrepreneurship?
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Answer and explanation
Correct answer: Opportunity recognition includes checking demand resources and feasibility
An idea alone does not become an enterprise, feasibility is necessary. In exams, distinguish imagination from opportunity.
Frequently asked questions
What is the correct answer to this question?
Opportunity recognition includes checking demand resources and feasibility
Why is this the correct answer?
An idea alone does not become an enterprise, feasibility is necessary. In exams, distinguish imagination from opportunity.
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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