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

If a new need appears in the market and the entrepreneur first tests it on a small scale, what does it show?

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Answer and explanation

Correct answer: Careful entrepreneurial decision

A small test shows usefulness before bigger risk. Exam tip: link testing with risk reduction.

Tags

home-scienceentrepreneurshipidea-testing

Frequently asked questions

What is the correct answer to this question?

Careful entrepreneurial decision

Why is this the correct answer?

A small test shows usefulness before bigger risk. Exam tip: link testing with risk reduction.

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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