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

What balance is necessary while pricing in entrepreneurship?

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Answer and explanation

Correct answer: Cost customer capacity and fair profit

Correct pricing considers both cost and customer. In exams, treat pricing as a balanced decision.

Tags

pricingcostcustomer capacityprofit

Frequently asked questions

What is the correct answer to this question?

Cost customer capacity and fair profit

Why is this the correct answer?

Correct pricing considers both cost and customer. In exams, treat pricing as a balanced decision.

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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