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Which option shows correct cost control by an entrepreneur?

Answer and explanation

Correct answer: Reducing unnecessary expenses while maintaining quality

Cost control means using resources efficiently and removing avoidable expenditure without damaging the value promised to customers. The entrepreneur may reduce waste, negotiate supplies, improve processes, or control unnecessary overheads while preserving essential quality and service. Using poor materials, arbitrary dismissals, or stopping customer service may reduce visible expense but can create returns, dissatisfaction, and larger future costs.

Related tags

Cost-ControlQualityEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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