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Class 11 Home Science Work, Livelihood and Career Entrepreneurship: definition and characteristicsEasyLevel 47

What should an entrepreneur consider while fixing product price?

Answer and explanation

Correct answer: Cost and market

Cost and customer capacity are important in pricing. Exam tip: link price with cost and market.

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home-scienceentrepreneurshippricing

Frequently asked questions

What is the correct answer to this question?

Cost and market

Why is this the correct answer?

Cost and customer capacity are important in pricing. 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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