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If an entrepreneur solves a social problem while also earning profit, what kind of thinking is shown?

Answer and explanation

Correct answer: Social entrepreneurial thinking

Social entrepreneurship combines a financially viable venture with the purpose of addressing a social or environmental problem. Earning revenue can help the solution continue and reduce dependence on temporary support. Solving a social problem while creating sustainable value therefore shows social entrepreneurial thinking. Imitation, lack of planning, or opposition to customers does not describe this balanced objective.

Related tags

Social-EntrepreneurshipSocial-ImpactObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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