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How should competition be viewed in entrepreneurship?

Answer and explanation

Correct answer: As motivation to provide better products and services

Competition gives entrepreneurs a reason to understand customers, improve quality, control costs, and offer better service or innovation. It may create pressure, but it should not automatically be feared. Avoiding customers or copying others is neither a productive nor an ethical response, so A is correct.

Related tags

CompetitionQualityService ImprovementEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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