Question

Which of the following characteristics an entrepreneur should have?

• A. Innovation
• B. Risk taker
• C. Initiative
• D. All of these

Hint:

Entrepreneurship = Combination of innovation + risk-taking + initiative.

Answer 1

The Correct Option is D

Step 1: Traits of an entrepreneur.
Successful entrepreneurs need multiple qualities to survive and grow in competitive markets.
Step 2: Key characteristics.
- Innovation: Developing new ideas, methods, and products.
- Risk-taking: Willingness to bear uncertainties of business.
- Initiative: Ability to start projects and take proactive steps.
Step 3: Option analysis.
- (A) Innovation: Correct but not complete.
- (B) Risk taker: Correct but partial.
- (C) Initiative: Correct but not sufficient alone.
- (D) All of these: Correct, entrepreneur must have all qualities.
Step 4: Conclusion.
An entrepreneur must be innovative, risk-taking, and initiative-driven.