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In which situation will an entrepreneur's decision be considered more logical?

Answer and explanation

Correct answer: When the decision is based on data, experience, and customer information

A logical entrepreneurial decision uses relevant evidence, experience, and a clear objective. Data can show trends, customer information can reveal needs, and experience helps interpret practical conditions. Rumour, anger, or an absence of purpose provides no reliable basis for comparing alternatives and likely consequences.

Related tags

Logical-DecisionData-AnalysisEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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