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Which of the following best describes the role of entrepreneurship in production?
  • a)
    It refers to the financial investments made in a business.
  • b)
    It focuses solely on managing human resources.
  • c)
    It includes taking risks to create new products or services.
  • d)
    It involves the use of natural resources only.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following best describes the role of entrepreneurship in ...
Entrepreneurship is about identifying opportunities and taking risks to create new products or services that fulfill market needs. Entrepreneurs combine land, labour, and capital to innovate and drive economic growth. This process often leads to job creation and societal benefits through new solutions.
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Which of the following best describes the role of entrepreneurship in production?a) It refers to the financial investments made in a business.b) It focuses solely on managing human resources.c) It includes taking risks to create new products or services.d) It involves the use of natural resources only.Correct answer is option 'C'. Can you explain this answer? for CTET & State TET 2025 is part of CTET & State TET preparation. The Question and answers have been prepared according to the CTET & State TET exam syllabus. Information about Which of the following best describes the role of entrepreneurship in production?a) It refers to the financial investments made in a business.b) It focuses solely on managing human resources.c) It includes taking risks to create new products or services.d) It involves the use of natural resources only.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CTET & State TET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following best describes the role of entrepreneurship in production?a) It refers to the financial investments made in a business.b) It focuses solely on managing human resources.c) It includes taking risks to create new products or services.d) It involves the use of natural resources only.Correct answer is option 'C'. Can you explain this answer?.
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