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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 48

If an entrepreneur changes product according to customer preference but ignores cost, what risk will occur?

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Answer and explanation

Correct answer: Profit may come under pressure

Cost must be understood along with customer preference. Exam tip: remember balance of customer need and cost.

Tags

home-scienceentrepreneurshipcost-management

Frequently asked questions

What is the correct answer to this question?

Profit may come under pressure

Why is this the correct answer?

Cost must be understood along with customer preference. Exam tip: remember balance of customer need and cost.

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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