Arrange the following process of setting up of a business chronologically.

A. Assessment of feasibility of idea and preparing plan

B. Scanning the environment for opportunities

C. Resource mobilization

D. Appraisal by funding agencies

E. Development of product/service idea

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The characteristic of entrepreneurship are:

(A) Innovation and Creativity

(B) Resistance to change

(C) Risk taking

(D) Lawful and purposeful activity

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It refers to the behaviour choices an individual makes for success in entrepreneurship.

Identify which one is not a step in the process of setting up a Business?

Choose the correct order in the process of setting up a business.

1. Scanning the environment for entrepreneurial opportunities
2. Assessment of feasibility of the idea and preparation of a business plan
3. Development of product/service
4. Appraisal by the funding agencies

Salary is not a primary economic reward for an entrepreneur

A. A 'never say die' attitude of an entrepreneur is termed as self-confidence.

B. Acting out of choice rather than compulsion is initiative

C. Entrepreneur's concern for conservation of time and money is termed as 'assertiveness'

D. Executive summary and operation strategies are included in Business Plan

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Which of the following are the competencies of entrepreneurship?

(A) Persistence

(B) Assertiveness

(C) Initiative

(D) Information-seeking

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