Why does an entrepreneur need information about competition?
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Answer and explanation
Correct answer: To make a better strategy
Understanding competition helps improve business strategy. Exam tip: consider competition part of market study.
Frequently asked questions
What is the correct answer to this question?
To make a better strategy
Why is this the correct answer?
Understanding competition helps improve business strategy. Exam tip: consider competition part of market study.
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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