Why is decision-making important for an entrepreneur?
Answer and explanation
Correct answer: Because choices must be made at the right time in business
An entrepreneur must choose among alternatives involving products, prices, suppliers, employees, finance, and marketing. Timely decisions help use resources and respond to customer or market changes. A decision should be informed rather than impulsive, but delaying every choice harms business progress. Therefore option A is correct.
Frequently asked questions
What is the correct answer to this question?
Because choices must be made at the right time in business
Why is this the correct answer?
An entrepreneur must choose among alternatives involving products, prices, suppliers, employees, finance, and marketing. Timely decisions help use resources and respond to customer or market changes. A decision should be informed rather than impulsive, but delaying every choice harms business progress. Therefore option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
