Which of the following demonstrates the calculated risk-taking ability of a successful entrepreneur?
Answer and explanation
Correct answer: Deciding to launch a new product after assessing market information and potential benefits
Calculated risk-taking means collecting relevant information, considering costs and possible benefits, and then making a reasoned decision despite some uncertainty. Option A follows this process. Accepting ideas without examination is careless, rejecting every opportunity is excessive risk avoidance, and leaving all planning to others shows no responsible decision-making.
Frequently asked questions
What is the correct answer to this question?
Deciding to launch a new product after assessing market information and potential benefits
Why is this the correct answer?
Calculated risk-taking means collecting relevant information, considering costs and possible benefits, and then making a reasoned decision despite some uncertainty. Option A follows this process. Accepting ideas without examination is careless, rejecting every opportunity is excessive risk avoidance, and leaving all planning to others shows no responsible decision-making.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
