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Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsMediumLevel 48

If an entrepreneur gradually increases production after small-scale success, what wisdom does this show?

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Answer and explanation

Correct answer: Planned expansion and risk control

Gradual expansion keeps risk controlled and confirms demand. In exams, connect expansion with planning and market feedback.

Tags

planned expansionrisk controlmarket demand

Frequently asked questions

What is the correct answer to this question?

Planned expansion and risk control

Why is this the correct answer?

Gradual expansion keeps risk controlled and confirms demand. In exams, connect expansion with planning and market feedback.

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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