Write a word or phrase or a term which can substitute the following:
An undertaking or adventure involving uncertainty and risk and requiring innovation.
Solution:
An undertaking or adventure involving uncertainty and risk and requiring innovation – Enterprise.
Explanation:
An enterprise is an organisation or industry that works for earning profits. It undertakes the innovation of goods and services along with the risk involved.
OCM [Organisation of Commerce and Management] Business Studies, XII 12th Standard,
HSC OCM MARCH 2020 BOARD PAPER WITH COMPLETE SOLUTION OMTEX CLASSES
Balbharati Solutions for Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board
Chapter 1: Principles of Management
Chapter 2: Functions of Management
Chapter 3: Entrepreneurship Development
Chapter 5: Emerging Modes of Business
Chapter 6: Social Responsibilities of Business
Chapter 7: Consumer Protection
