If an entrepreneur earns quick profit by reducing product quality, what may happen in the long run?
Advertisement
Answer and explanation
Correct answer: Customer trust may reduce
Low quality can reduce customer satisfaction and trust. Exam tip: understand the difference between short-term profit and long-term trust.
Frequently asked questions
What is the correct answer to this question?
Customer trust may reduce
Why is this the correct answer?
Low quality can reduce customer satisfaction and trust. Exam tip: understand the difference between short-term profit and long-term trust.
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.
Advertisement