The correct answer is option 4- Managerial training.
There are five characteristics of entrepreneurship viz. Systematic Activity, Lawful and Purposeful Activity, Innovation and creativity, Organisation of Production and risk taking. The entrepreneurship is defined as a systematic, purposeful and creative activity of identifying a need, mobilising resources and organising production with a view to delivering value to the customers, returns for the investors and profits for the self in accordance with the risks and uncertainties associated with business.
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