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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity3 Marks
Question
Why is environment an important factor for Entrepreneurship? Explain.
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Answer

Environmental factors play an important role in the enterprise process as:
  1. Opportunities exist in the environment.
  2. The consumer is very much a part of the environment and every product is produced for consumer.
  3. The environment exerts its influence and impact at all stages of enterprise process.

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