Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

Which one of these is not the primary skill requirement in entrepreneurship ?

Options:

Opportunity spotting

Negotiation

People management

Inductive logic driven

Correct Answer:

People management

Explanation:

The correct answer is option (3) : People management

Primary skill required

Opportunity - An opportunity is a favorable or advantageous circumstance that provides a chance for progress, improvement, or success. It can present itself in various forms , including professional, personal, or entrepreneurial prospects.

Initiative - Initiative refers to the ability and willingness to take independent action and make decisions without being prompted or directed by other. It involves proactively indentifying and addressing challenges, pursuing opportunities, and implementing solutions.

Resource negotiation - Resource negotiation refers to the process of managing and allocating resources within a group or organization through discussions, agreements, and compromises. It involves negotiating the distribution of various resources, such as financial assets, human capital, time, equipment, or any other necessary resources required to accomplish specific goals or tasks.

Driven by inductive logic - Being driven by inductive logic implies that one's thought process and decision-making are primarily based on observations, experiences, and specific instances to form general principles or conclusions.