Final answer:
a. Innovation, risk-taking, and opportunity recognition. The characteristics of entrepreneurial activity include innovation, risk-taking, and opportunity recognition.
Step-by-step explanation:
The characteristics of entrepreneurial activity are:
- Innovation: Entrepreneurs are known for their ability to innovate and come up with new ideas, products, or services. They are constantly looking for ways to improve and differentiate themselves in the market.
- Risk-taking: Entrepreneurs are willing to take calculated risks and venture into new territories. They understand that with risk comes the potential for reward, and they are not afraid to step out of their comfort zone.
- Opportunity recognition: Entrepreneurs have a keen eye for identifying opportunities in the market. They can spot gaps or underserved areas and capitalize on them by offering innovative solutions.
These characteristics are crucial for success in entrepreneurship, as they help entrepreneurs stand out, adapt to changing market conditions, and create value for customers.