If an enterprise has fast sales but weak cash flow, what should the entrepreneur examine?
Answer and explanation
Correct answer: Credit sales cost payment timing and cash management
Along with sales, cash availability is necessary to run business. In exams, distinguish sales from cash flow.
Frequently asked questions
What is the correct answer to this question?
Credit sales cost payment timing and cash management
Why is this the correct answer?
Along with sales, cash availability is necessary to run business. In exams, distinguish sales from cash flow.
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.