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Class 11 Home Science Work, Livelihood and Career Entrepreneurship: definition and characteristicsEasyLevel 46

Setting the right price in business is related to what?

Answer and explanation

Correct answer: Understanding market and cost

Pricing requires understanding cost and customer capacity. Exam tip: link price with cost and market.

Tags

home-scienceentrepreneurshippricing

Frequently asked questions

What is the correct answer to this question?

Understanding market and cost

Why is this the correct answer?

Pricing requires understanding cost and customer capacity. Exam tip: link price with cost and market.

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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