Business Studies

What is the nature of entrepreneurship?


ANSWER

An economic activity


SOLUTION
Entrepreneurship is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its functioning and earn economic benefits from the business.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Mr. X sells his new ideas to others in the organization, acquires resources and takes risks. To Support the project is often described as a ______.
  • A. product champion
  • B. gatekeeper
  • C. product innovator
  • D. sponsor

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
What is the process by which individuals pursue opportunities without regard to resources they currently control?
  • A. Start up management
  • B. Entrepreneurship
  • C. Financial analysis
  • D. None of the above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
What are the several key areas of business plan?
  • A. Cash flow projection
  • B. Regular Reviews
  • C. Both (a) & (b)
  • D. None of the above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
In 1979-80 the ratio of total output is to total share in an employment for traditional small scale industry is __________.
  • A. 135: 56%
  • B. 135: 74%
  • C. 135: 33%
  • D. 135: 36%

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following can be treated as trait of entrepreneur?
(I) He is a moderate risk taker.
(II) He possesses divine powers.
(III) He is equivalent to supervisor.
(IV) He is innovative.
(V) He is involved in charitable activities.
(VI) He peruses the deviant pursuits.
Select the correct answer from the option given below.
  • A. (I), (II), (III) & (VI)
  • B. (V), (II), (I), (III) & (VI)
  • C. (IV), (VI) & (I)
  • D. All of the above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer