In which situation is responsible risk-taking ability of an entrepreneur shown?
Answer and explanation
Correct answer: Testing the product in small quantity and taking feedback
Small testing helps learn while controlling risk. In exams, choose controlled risk instead of blind risk.
Frequently asked questions
What is the correct answer to this question?
Testing the product in small quantity and taking feedback
Why is this the correct answer?
Small testing helps learn while controlling risk. In exams, choose controlled risk instead of blind risk.
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.