Question

34. Which of these statements best describes the context for entrepreneurship?
(A) Entrepreneurship takes place in small businesses
(B) Entrepreneurship takes place in large businesses
(C) Entrepreneurship takes place in a wide variety of contexts
(D) Entrepreneurship does not take place in social enterprises​

Answer 1

Answer:

Option (C)

Entrepreneurship takes place in a wide variety of contexts

Answer 2

The statement that best describes the given aspect of entrepreneurship is option C: Entrepreneurship takes place in a wide variety of contexts.

• Entrepreneurship is a skill that is required not only by huge corporations but also by small firms.
• It all comes down to creativity, leadership, product quality, and customer satisfaction.
• It occurs in a wide range of settings due to the fact that every business setting contains a variety of opportunities and risks.
• Entrepreneurship also entails spotting the perfect opportunity and dealing with all of the problems that come with it.
• Consumer groups, product accessibility, financial assistance, technology, and the environment all influence the entrepreneurial mindset.
• Being an entrepreneur applies to any form of business that caters to the wants and requirements of customers.
• Hence, option C best describes the contexts for entrepreneurship.