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What does risk-taking mean in entrepreneurship?

Answer and explanation

Correct answer: सोच-समझकर अनिश्चित परिणाम को स्वीकार करना

Entrepreneurial risk-taking means making an informed choice even though the result is uncertain. The entrepreneur studies information, estimates possible costs and benefits, plans safeguards and then accepts a reasonable risk. It is not blind investment, complete avoidance of difficulty or a guaranteed-profit arrangement, because business outcomes cannot be certain.

Related tags

EntrepreneurshipRisk ManagementBusiness RiskBusinessTrade And CommerceBusiness Trade And CommerceBusiness StudiesClass 11 Mcq

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