Which example shows correct risk assessment by an entrepreneur?
Answer and explanation
Correct answer: Estimating demand cost and possible loss before investment
Risk assessment helps understand possible outcomes before investment. Exam tip: link risk assessment with planning.
Frequently asked questions
What is the correct answer to this question?
Estimating demand cost and possible loss before investment
Why is this the correct answer?
Risk assessment helps understand possible outcomes before investment. Exam tip: link risk assessment with planning.
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.