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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsExpertLevel 48

In which situation has an entrepreneur treated customer trust as a long-term asset?

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Answer and explanation

Correct answer: Giving correct information and offering correction and compensation after a mistake

Accepting a mistake and correcting it protects trust. In exams, connect transparency with goodwill.

Tags

customer trusttransparencycompensation

Frequently asked questions

What is the correct answer to this question?

Giving correct information and offering correction and compensation after a mistake

Why is this the correct answer?

Accepting a mistake and correcting it protects trust. In exams, connect transparency with goodwill.

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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