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

If an entrepreneur gives incomplete information to customers for small profit, which long-term loss is most likely?

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Answer and explanation

Correct answer: Weakening of customer trust and goodwill

Incomplete information may give short-term gain but breaks trust. In exams, treat goodwill as a long-term asset.

Tags

ethicscustomer trustgoodwill

Frequently asked questions

What is the correct answer to this question?

Weakening of customer trust and goodwill

Why is this the correct answer?

Incomplete information may give short-term gain but breaks trust. In exams, treat goodwill as a long-term asset.

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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