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How should the relation between value creation and profit be understood in entrepreneurship?
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Answer and explanation
Correct answer: Value creation increases customer satisfaction making sustainable profit possible
Sustainable profit comes from giving real value to customers. In exams, connect profit with usefulness.
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What is the correct answer to this question?
Value creation increases customer satisfaction making sustainable profit possible
Why is this the correct answer?
Sustainable profit comes from giving real value to customers. In exams, connect profit with usefulness.
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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