Question

Entrepreneurship may be classified as ___________.

• A. opportunity - based entrepreneurship
• B. necessity - based entrepreneurship
• C. (a) or (b)
• D. none of the above

Answer 1

The correct option is C (a) or (b)

Entrepreneurship may be classified as one opportunity based which refers to that existence of a business opportunity and creation of business on the basis of that opportunity.

Necessity based entrepreneurship refers to that business which comes in to existence because of necessity . Individuals who are initially unemployed take an initiative for a start up which hence drives entrepreneurship by necessity.