If an entrepreneur increases production without estimating profit, what risk may occur?
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Answer and explanation
Correct answer: Extra cost and loss
Cost and demand should be understood before increasing production. Exam tip: link production decision with planning.
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What is the correct answer to this question?
Extra cost and loss
Why is this the correct answer?
Cost and demand should be understood before increasing production. Exam tip: link production decision 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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