Question : Which of the following are the characteristics of Entrepreneurship?
Option 1: Innovation
Option 2: Purposeful activity
Option 3: Risk taking
Option 4: All of the above.
Correct Answer: All of the above.
Solution : Following are the characteristics of entrepreneurship.
Hence Option D is correct.
Question : The essence of entrepreneurship Is the willingness to assume risk arising out of the creations and implementation of new ideas. Which characteristics of entrepreneurship is highlighted here?
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?
Question : It mobilises factors of production into a productive enterprise or firm. Which characteristics of entrepreneurship is highlighted here?
Question : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
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