An entrepreneur invests all savings and starts large production without market study. What is the main entrepreneurial weakness here?
Answer and explanation
Correct answer: Lack of calculated risk
Large investment without study is blind risk. In exams, connect risk with information and planning.
Frequently asked questions
What is the correct answer to this question?
Lack of calculated risk
Why is this the correct answer?
Large investment without study is blind risk. In exams, connect risk with information and planning.
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.