If an entrepreneur checks demand and storage capacity before increasing production, which skill is shown?
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Answer and explanation
Correct answer: Planned expansion
Expanding after checking demand and capacity reduces risk. Exam tip: link expansion with planning.
Frequently asked questions
What is the correct answer to this question?
Planned expansion
Why is this the correct answer?
Expanding after checking demand and capacity reduces risk. Exam tip: link expansion with planning.
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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