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Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsMediumLevel 47

An entrepreneur considers cost customer capacity and profit while fixing service price. This is an example of what?

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Answer and explanation

Correct answer: Financial decision-making ability

Pricing considers both cost and market. In exams, treat pricing as a balanced decision.

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pricingcostprofitcustomer capacity

Frequently asked questions

What is the correct answer to this question?

Financial decision-making ability

Why is this the correct answer?

Pricing considers both cost and market. In exams, treat pricing as a balanced decision.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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