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In which situation will an entrepreneur most need external support?

Answer and explanation

Correct answer: When legal, financial, or technical knowledge is not sufficient

An entrepreneur cannot be an expert in every area. When a decision involves legal compliance, financial planning, taxation, technology, or another specialised field beyond the entrepreneur’s knowledge, qualified external advice can reduce errors and risk. Support may still be useful in other circumstances, but option A presents the clearest need. The other options describe conditions with less immediate need.

Related tags

External-SupportExpert-AdviceGovernment Assistance And Institutional SupportMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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