In which situation is an entrepreneur's decision considered data-based?
Answer and explanation
Correct answer: ग्राहक संख्या, बिक्री और खर्च देखकर उत्पाद बढ़ाना
A data-based decision uses relevant, observable information and interprets it before action. Customer numbers, sales trends, and expenses can indicate demand, performance, and financial feasibility, although they should be examined carefully. A friend’s claim, a dream, or an uncalculated price does not provide a reliable evidence base.
Frequently asked questions
What is the correct answer to this question?
ग्राहक संख्या, बिक्री और खर्च देखकर उत्पाद बढ़ाना
Why is this the correct answer?
A data-based decision uses relevant, observable information and interprets it before action. Customer numbers, sales trends, and expenses can indicate demand, performance, and financial feasibility, although they should be examined carefully. A friend’s claim, a dream, or an uncalculated price does not provide a reliable evidence base.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
