Entrepreneurial skills class 9

___________ is defined as the creation of a new business venture.

A ____________ is defined as a continuous activity, where economic actions are taken by humans with the objective of earning a profit by either producing,sourcing,buying and selling of goods and services.

A business refers to an organization or enterprising engaged in what activities?

• Commercial

• Social

• Industrial

• Professional

• Economical

Identify some features of business.

• Uncertainty

• Scale

• Regular transaction

• Trade-related

____________ is the process of identifying an opportunity and turning it into a venture.

An ______________ is a person who undertakes risk to start a business of his or her own.

Identify the phases of entrepreneurship development.

• Stimulatory phase

• Financial phase

• Support phase

• Sustenance phsse

Identify the challenges of Entrepreneurship Development.

• Economic and dynamic activity

• Market linkages,

• Managerial skills

• Technical knowledge

Name some characteristics of Entrepreneurship?

Identify the role of Entrepreneurship?

• Capital Formation.

• Wealth creation

• Risk bearing

• Innovation

• Industrialization