What is the correct benefit of cost control?
Answer and explanation
Correct answer: Unnecessary expenses reduce and the possibility of profit increases
Cost control means examining expenses and reducing waste without harming essential quality or operations. Better control allows the business to use limited resources productively, protect its margin, and remain financially stable. It does not require quality to fall or customers to leave. The claim that a controlled business cannot run is also false. Hence A states the valid benefit.
Frequently asked questions
What is the correct answer to this question?
Unnecessary expenses reduce and the possibility of profit increases
Why is this the correct answer?
Cost control means examining expenses and reducing waste without harming essential quality or operations. Better control allows the business to use limited resources productively, protect its margin, and remain financially stable. It does not require quality to fall or customers to leave. The claim that a controlled business cannot run is also false. Hence A states the valid benefit.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
