Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:
What is true in respect of entrepreneurship?
Options:
Entrepreneurship is the process of setting up one’s own business as distinct from pursuing any other economic activity, be it employment or practicing some profession
The person who set-up his business is called an entrepreneur.
The output of the process, that is, the business unit is called an enterprise.
All of these
Correct Answer:
All of these
Explanation:
Entrepreneurship is the process of setting up one’s own business as distinct from pursuing any other economic activity, be it employment or practising some profession. The person who set-up his business is called an entrepreneur. The output of the process, that is, the business unit is called an enterprise.