Which is a major part of enterprise planning in work?
Answer and explanation
Correct answer: Estimating customer needs, costs, resources and risks
Enterprise planning includes assessing customer needs, estimating costs, identifying available resources, and analysing possible risks. This helps an entrepreneur make informed decisions and reduce the chances of loss. Hiding expenses is not planning; a sound plan requires a clear estimate of income and expenditure. Exam tip: Remember the key elements of enterprise planning—demand, cost, resources and risk.
Frequently asked questions
What is the correct answer to this question?
Estimating customer needs, costs, resources and risks
Why is this the correct answer?
Enterprise planning includes assessing customer needs, estimating costs, identifying available resources, and analysing possible risks. This helps an entrepreneur make informed decisions and reduce the chances of loss. Hiding expenses is not planning; a sound plan requires a clear estimate of income and expenditure. Exam tip: Remember the key elements of enterprise planning—demand, cost, resources and risk.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Work, careers and livelihood.
