Checking market demand before taking risk by an entrepreneur shows what type of risk?
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Answer and explanation
Correct answer: Calculated risk
Risk based on information is more sensible. Exam tip: treat entrepreneurial risk as planned risk.
Frequently asked questions
What is the correct answer to this question?
Calculated risk
Why is this the correct answer?
Risk based on information is more sensible. Exam tip: treat entrepreneurial risk as planned risk.
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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