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Which step is most suitable at the beginning of a small enterprise?

Answer and explanation

Correct answer: Testing the idea on a small scale

Small-scale testing allows an entrepreneur to check customer interest, product usefulness, cost, and practical difficulties before committing substantial resources. It reduces avoidable risk and creates an opportunity to improve the idea using evidence. Large immediate spending, avoiding customers, and starting without a plan increase uncertainty. Thus testing the idea on a small scale is the most suitable initial step.

Related tags

Small-BusinessIdea-TestingEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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