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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsExpertLevel 47

If an entrepreneur keeps price very low to attract customers but later has to stop service, what was lacking?

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Answer and explanation

Correct answer: Viable pricing

Price should be fair for customers and sustainable for the business. In exams, connect pricing with cost and sustainability.

Tags

pricingsustainabilitycost

Frequently asked questions

What is the correct answer to this question?

Viable pricing

Why is this the correct answer?

Price should be fair for customers and sustainable for the business. In exams, connect pricing with cost and sustainability.

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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