What should an entrepreneur do instead of fearing competition?
Answer and explanation
Correct answer: Learn from competition and improve service
A better strategy can be made by learning from competition. Exam tip: link competition with improvement.
Frequently asked questions
What is the correct answer to this question?
Learn from competition and improve service
Why is this the correct answer?
A better strategy can be made by learning from competition. Exam tip: link competition with improvement.
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.