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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 47

Why is it important for an entrepreneur to set price after understanding both customers and cost?

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Answer and explanation

Correct answer: Price remains practical and sustainable

Price is linked with both cost and customer capacity. Exam tip: treat pricing as a balanced decision.

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home-scienceentrepreneurshippricing

Frequently asked questions

What is the correct answer to this question?

Price remains practical and sustainable

Why is this the correct answer?

Price is linked with both cost and customer capacity. Exam tip: treat pricing as a balanced decision.

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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