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Why is following legal rules important for an entrepreneur?

Answer and explanation

Correct answer: To keep the business safe and trustworthy

Legal compliance helps an enterprise operate within accepted standards, protect customers and workers, and avoid penalties, disputes, closure, or reputational damage. It also strengthens trust among stakeholders. Breaking or hiding rules creates legal and business risks, so keeping the business safe and trustworthy is the correct reason.

Related tags

Legal ComplianceRulesTrustEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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