Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
Identify the correct statement- Entrepreneur is the one who:-
Options:
Loves to start business
Looks for fulfilment of dreams
Searches for business opportunity
Searches for ideas to lead a luxurious life
Correct Answer:
Searches for business opportunity
Explanation:
Peter F. Drucker defined entrepreneur as one who always searches for an opportunity. The basic test of a successful entrepreneur is the identification of business opportunity in the environment and initiating steps to produce and sell goods and services to make the best use of that opportunity.