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Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship as Innovation and Problem Solving4 Marks
Question
Give one example each of environmental factors.
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Answer

  1. Social factor: Readymade garments, fast food, vending machines for tea and eatables are the result of social factors.
  2. Political factor: War tension between two countries can also stop the trade between the two countries.
  3. Economic factor: Unavailability of cash deters an entrepreneur from starting a new venture.
  4. Cultural factor: Selling of more vegetarian food in the region comprising of vegetarians in majority.

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