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Which entrepreneurial quality is shown when an entrepreneur studies market information, estimates possible profit and loss, and then decides to launch a new product?

Answer and explanation

Correct answer: Calculated risk-taking

The entrepreneur is taking a calculated risk because the decision follows market research and an estimate of possible gains and losses. Calculated risk does not mean certainty or absence of danger; it means considering evidence, alternatives, and likely consequences before acting. Depending completely on others, avoiding decisions, or ignoring market information describes the opposite behaviour.

Related tags

Calculated Risk-TakingMarket ResearchEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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