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

If there is market demand but capital is limited, what should an entrepreneur do first?

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Answer and explanation

Correct answer: Start with small-scale planning

A small and planned start with limited capital reduces risk. Exam tip: plan according to resources.

Tags

home-scienceentrepreneurshipresource-planning

Frequently asked questions

What is the correct answer to this question?

Start with small-scale planning

Why is this the correct answer?

A small and planned start with limited capital reduces risk. Exam tip: plan according to resources.

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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