If an entrepreneur spends all profit immediately and invests nothing in growth, what is lacking?
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Answer and explanation
Correct answer: Reinvestment thinking
Investing part of profit in growth can strengthen enterprise. Exam tip: link reinvestment with growth.
Frequently asked questions
What is the correct answer to this question?
Reinvestment thinking
Why is this the correct answer?
Investing part of profit in growth can strengthen enterprise. Exam tip: link reinvestment with growth.
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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