If an entrepreneur diversifies supply sources after seeing rising demand, what is being done?
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Answer and explanation
Correct answer: Supply risk management
Dependence on only one source can increase risk. In exams, connect supply management with entrepreneurial planning.
Frequently asked questions
What is the correct answer to this question?
Supply risk management
Why is this the correct answer?
Dependence on only one source can increase risk. In exams, connect supply management with entrepreneurial 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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