Question
Business Studies Question on Entrepreneurship: Concept, Functions and Need
“An entrepreneur diversifies the economic activities, across the geographic, sectoral and technological scope”, Identify the function of entrepreneur in relation to economic development given in the above statement.
A
Contribution to GDP
B
Generation of employment
C
Increasing the spectrum and scope of economic activities
D
Generation of business opportunity for others
Answer
Increasing the spectrum and scope of economic activities
Explanation
Solution
The correct option is (C) :Increasing the spectrum and scope of economic activities.