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What type of decision is better for an entrepreneur?

Answer and explanation

Correct answer: Decision based on available information and facts

An entrepreneur should make decisions after analysing information about the market, costs, customers and available resources. Such decisions help reduce risk and support planning. Decisions based on rumours or fear are not supported by reliable facts. Exam tip: In entrepreneurship, connect good decision-making with information, analysis and proper planning.

Related tags

Home ScienceEntrepreneurshipDecision MakingInformed DecisionsCareer SkillsEntrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And CharacteristicsWorkLivelihood And Career

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