Question

Assertion (A): The basic test of a successful entrepreneur is the identification of business opportunity in the environment.

Reason (R): In order to be successful an entrepreneur needs to initiate steps to produce and sell goods and services to make the best use of that opportunity.

Options

• Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

• Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

• Assertion (A) is true but Reason (R) is false

• Assertion (A) is false but Reason (R) is true

Answer 1

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)