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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 46

For correct pricing in business what should an entrepreneur balance?

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Answer and explanation

Correct answer: Cost customer capacity and market

Pricing should be based on cost and market understanding. Exam tip: link price with cost and demand.

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home-scienceentrepreneurshippricing

Frequently asked questions

What is the correct answer to this question?

Cost customer capacity and market

Why is this the correct answer?

Pricing should be based on cost and market understanding. Exam tip: link price with cost and demand.

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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