Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Jaspreet sold his play station on OLX and got a profit of ₹5000. When he told his friend about his business, his friend informed him that what he did was not business even though he earned profit. Identify the feature that was missing that did not make Jaspreet's transaction into business.

Options:

Economic activity

Sale and exchange of goods/services

Utility creation

Regular basis

Correct Answer:

Regular basis

Explanation:

The correct answer is Option (4) → Regular basis