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What does risk mean for an entrepreneur?

Answer and explanation

Correct answer: Possibility of an uncertain outcome

Risk is the possibility that actual business results may differ from what was expected. The entrepreneur may face loss, lower demand, delays, or other uncertain outcomes, although careful research and planning can reduce risk. Risk is not a guarantee of success or profit, and it does not remove the need for a plan.

Related tags

RiskUncertaintyEntrepreneurshipIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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