Question

Which of the following is a concept of entrepreneurship?

• A. Professional concept
• B. Result-oriented concept
• C. Both (A) and (B)
• D. None of these

Hint:

Entrepreneurship = Profession + Results.

Answer 1

The Correct Option is C

Step 1: Concept of entrepreneurship.
Entrepreneurship is understood through different perspectives, mainly professional and result-oriented.
Step 2: Explanation.
- Professional concept: Treating entrepreneurship as a profession requiring knowledge and skills.
- Result-oriented concept: Focuses on outcomes like profits, innovation, and success.
Step 3: Option analysis.
- (A) Professional concept: Correct but incomplete.
- (B) Result-oriented concept: Correct but partial.
- (C) Both (A) and (B): Correct, both represent entrepreneurship.
- (D) None of these: Wrong, since (C) is right.
Step 4: Conclusion.
Entrepreneurship is explained through both professional and result-oriented concepts.