Introduction:
Business and entrepreneurship are often used interchangeably, but they have distinct differences. While both involve the creation and operation of a company, entrepreneurship emphasizes the pursuit of innovation and new opportunities.

Explanation:
The correct answer is option 'C' - Entrepreneurs seek out new opportunities and pursue innovative business ideas. This statement best distinguishes business from entrepreneurship. Here's why:

Entrepreneurs seek out new opportunities:
- Entrepreneurs are individuals who actively seek out new opportunities in the market. They identify gaps, unmet needs, or problems that can be solved through their products or services.
- They have a keen eye for recognizing potential opportunities and are constantly scanning the environment for new ideas.

Entrepreneurs pursue innovative business ideas:
- Entrepreneurship is characterized by innovation and creativity. Entrepreneurs bring new and unique ideas to the market, often disrupting existing industries or creating entirely new ones.
- They are willing to take risks and challenge the status quo, introducing novel approaches to solving problems or meeting customer demands.

Business owners may or may not be entrepreneurs:
- While some business owners may also be entrepreneurs, not all business owners exhibit entrepreneurial characteristics.
- Business owners can inherit or acquire an existing business without necessarily seeking out new opportunities or pursuing innovative ideas. They may focus on maintaining and growing the existing business without significant changes.

Examples:
- Steve Jobs, co-founder of Apple Inc., is a classic example of an entrepreneur. He identified the potential for personal computers and revolutionized the industry with innovative products like the Macintosh and iPhone.
- On the other hand, a small grocery store owner who inherited the business from their parents may not be considered an entrepreneur unless they introduce significant changes or innovations to the business model.

Conclusion:
In summary, the key distinguishing factor between business and entrepreneurship is the focus on seeking out new opportunities and pursuing innovative ideas. While all entrepreneurs are business owners, not all business owners exhibit entrepreneurial characteristics. Entrepreneurs are driven by a passion for innovation, while business owners may focus on maintaining and growing an existing business.