Entrepreneurship 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. Entrepreneurship is............

Process

The correct answer is option 4- Process.

Entrepreneurship is the process.

The terms ‘entrepreneur,’ ‘entrepreneurship’ and ‘enterprise’ can be understood by drawing an analogy with the structure of a sentence in English language. Entrepreneur is the person (the subject), entrepreneurship is the process (the verb) and enterprise is the creation of the person and the output of the process (the object).