Business Studies

Which of the following statements does not clearly distinguish between entrepreneurship and management?


ANSWER

Entrepreneurship is once-for-all activity; management is a continuous activity


SOLUTION
Entrepreneurship is an art or practice of setting up of business by a person who has skills, innovative mind etc. It is a continuous activity. Management is nothing but the art of managing things properly. A proper management is necessary to carry out activities effectively in the organisation. Hence, the given statement does not distinguish clearly the entrepreneurship from management.
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