Practicing Success

Register
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions BQUDFFWZC3
Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

The entrepreneurship environment refers to the micro and macro level that influence the working of the organisation. Identify the micro level components.

A. Political

B. Customers

C. Law

D. Competitors

E. Society

Choose the correct answer from the options given below:

Options:

(B) and (D) only

(B) and (C) only

(A) and (B) only

(A) and (E) only

Correct Answer:

(B) and (D) only

Explanation:

The correct answer is option (1) - (B) and (D) only

The micro-level components in the entrepreneurship environment typically refer to factors that are closer to the business and have a direct impact on its operations. From the options provided, the correct answer is:

  • (B) Customers: Customers directly influence the success and profitability of the business.
  • (D) Competitors: Competitors operate in the same market space and can impact the business strategy and performance.

CUET Questions