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 Enterpreneurial Skills 12 Flashcards |
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What is the role of entrepreneurship in employment generation? |
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Entrepreneurship creates new businesses, which leads to the generation of job opportunities for skilled, unskilled, and unemployed individuals. |
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Name the phase of entrepreneurship development that involves stimulating interest and motivation among potential entrepreneurs. |
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Stimulatory phase |
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Fill in the blank: The ___ sector includes businesses that provide services rather than producing goods. |
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Tertiary |
Card: 6 / 12 |
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In what way does entrepreneurship contribute to balanced regional development? |
Card: 7 / 12 |
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Entrepreneurship encourages the establishment of industries in underdeveloped areas, reducing regional disparities and promoting economic growth. |
Card: 8 / 12 |
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What type of enterprise is defined by an investment of not more than INR 1 crore and a turnover not exceeding INR 5 crores? |
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Micro enterprise |
Card: 10 / 12 |
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Fill in the blank: The ___ phase of entrepreneurship development involves providing ongoing support and mentoring to new businesses. |
Card: 11 / 12 |
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Support |
Card: 12 / 12 |
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