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An entrepreneur has a popular idea but legal permission is required to operate it. What is the most appropriate step?

Answer and explanation

Correct answer: Understand the rules and obtain required permission

Legal compliance is part of business feasibility, not an optional extra. The entrepreneur should identify the applicable rules, licences, registrations, safety requirements, and other permissions before operating. Customer enthusiasm cannot replace government approval. Ignoring the law can cause penalties, closure, liability, and loss of trust.

Related tags

Legal CompliancePermissionIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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