Question
Innovation & Entrepreneurship Question on Small Business and Entrepreneurship
Given below are two statements:
Statement I : Family businesses are always interested to handover the charge of their business to next generation.
Statement II: Most of the start-up originate from the established family business. In the light of the above statements, choose the most appropriate answer from the options given below
A
Both Statement I and Statement II are correct
B
Both Statement I and Statement II are incorrect
C
Statement I is correct but Statement II is in correct
D
Statement I is incorrect but Statement II is correct
Answer
Statement I is correct but Statement II is in correct
Explanation
Solution
The correct option is(C): Statement I is correct but Statement II is in correct