This question was previously asked in
Shift 25/05/2023 8:30 AM - 10:30 AM
Correct Answer
The correct answer is:
Explanation:
A. Lawful and purposeful Activity: Entrepreneurship involves engaging in lawful and purposeful activities. Entrepreneurs operate within the legal framework and often have a clear purpose or mission for their ventures.
C. Innovation: Innovation is a key characteristic of entrepreneurship. Entrepreneurs are often associated with introducing new ideas, products, services, or processes to the market.
D. Systematic Activity: Entrepreneurship involves a systematic approach to business activities. Entrepreneurs plan, organize, and implement their ideas in a structured manner to achieve their objectives.
E. Organisation of production: Entrepreneurs are involved in organizing and managing the production of goods or services. This includes coordinating resources, processes, and people to bring a product or service to the market.
Option B (Low level of risk) is not always true. Entrepreneurship is often associated with risk-taking, and entrepreneurs may face significant uncertainties and challenges. Therefore, option 4 includes the more commonly accepted characteristics of entrepreneurship.
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