What does risk-taking mean in entrepreneurship?
Answer and explanation
Correct answer: सोच-समझकर अनिश्चित परिणाम को स्वीकार करना
Entrepreneurial risk-taking means making an informed choice even though the result is uncertain. The entrepreneur studies information, estimates possible costs and benefits, plans safeguards and then accepts a reasonable risk. It is not blind investment, complete avoidance of difficulty or a guaranteed-profit arrangement, because business outcomes cannot be certain.
Frequently asked questions
What is the correct answer to this question?
सोच-समझकर अनिश्चित परिणाम को स्वीकार करना
Why is this the correct answer?
Entrepreneurial risk-taking means making an informed choice even though the result is uncertain. The entrepreneur studies information, estimates possible costs and benefits, plans safeguards and then accepts a reasonable risk. It is not blind investment, complete avoidance of difficulty or a guaranteed-profit arrangement, because business outcomes cannot be certain.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Business Risk.
