Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain.
Which characteristics of entrepreneurship is highlighted here?

Option 1: Systematic activity

Option 2: Lawful and purposeful activity

Option 3: Related to innovation

Option 4: Organisation of production

Question

Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain.
Which characteristics of entrepreneurship is highlighted here?

Option 1: Systematic activity

Option 2: Lawful and purposeful activity

Option 3: Related to innovation

Option 4: Organisation of production

Team Careers360 · Accepted Answer

Correct Answer: Lawful and purposeful activity

Solution : Entrepreneurship aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain.
Hence Option B is correct.

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Question : It mobilises factors of production into a productive enterprise or firm.
Which characteristics of entrepreneurship is highlighted here?

Question : It involves introduction of new products, discovery of new market and sources of supply of inputs, technological break thoughts as well as introduction of new organisation forms for doing things in a better way.
Which characteristics of entrepreneurship is highlighted

Question : The important indicator of economic development is increase in GDP. As income is generated in the production, entrepreneurship generate income through organisation of production.
Which need for entrepreneurship is highlighted here?