Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Why is it important for an entrepreneur to compare alternatives before making a decision?

Answer and explanation

Correct answer: Because it helps assess the balance among costs, benefits, and risks

An entrepreneur often has several possible actions, and each may involve different costs, expected benefits, and risks. Comparing these alternatives makes their consequences clearer and supports a reasoned choice. The entrepreneur can then select the option that offers the most suitable balance for the business. The other statements are incorrect because comparison does not stop thinking, guarantee that the first option is best, or remove customers.

Related tags

Decision MakingEntrepreneurship DevelopmentAlternativesCost-Benefit AnalysisMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.