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Why is decision-making ability important for an entrepreneur?

Answer and explanation

Correct answer: To make the right choice at the right time

Business decisions involve choices about products, prices, resources, employees, and customers. Decision-making ability helps an entrepreneur compare alternatives, consider available information and risk, and act at an appropriate time. Thus option A is correct. Delaying every decision or ignoring customers prevents the business from responding effectively.

Related tags

Decision-MakingEntrepreneur-SkillBusinessEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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