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

If an entrepreneur takes every decision only by guess, what is lacking?

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Answer and explanation

Correct answer: Information-based decision-making ability

Business decisions should be based on facts and market information. In exams, understand the difference between guess and analysis.

Tags

decision makingmarket informationanalysis

Frequently asked questions

What is the correct answer to this question?

Information-based decision-making ability

Why is this the correct answer?

Business decisions should be based on facts and market information. In exams, understand the difference between guess and analysis.

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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