Which one is not the barriers of Enterpreneurship:
(A) Lack of technical skills
(B) Political instability
(C) Technical knowledge
(D) Time pressure and distractions
tivation to start a new business venture?
Answers
Answered by
5
Answer:
( c ) technical knowledge
Answered by
0
Answer:
Option C - Technical knowledge is not the barrier to Entrepreneurship.
Explanation:
- Technical knowledge is not exactly required for an entrepreneur to start a new business. Experience with soft skills can make for setting up a new business instead of technical knowledge. They are not compulsory.
- Political fluctuation: This has a greater impact on business. It makes the entrepreneurs uncertain to invest in new businesses. It sometimes encourages them to the relocation of the activities to a predictable area or to more stable areas.
- Lack of technical skills: Continuous learning is very important. Ever-progressing technical skills will help the business to grow. Entrepreneurs should be up-to-date with technical skills. This enhances the abilities of the employees to assist customers which boosts customers satisfaction.
- Time pressure: Time pressure is very effective. It can even make the smartest man helpless. Time plays a key role to complete the tasks on time. Good and effective decisions made on time save a lot for an organization.
Hence, Technical knowledge is not a hurdle to setting up a new business.
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