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Why should an entrepreneur control expenses?

Answer and explanation

Correct answer: To use money properly and improve the chance of profit

Expense control helps the entrepreneur use limited money carefully, avoid unnecessary spending, maintain cash flow, and improve the possibility of profit. It does not mean stopping all spending; essential costs for quality, workers, materials, and service must still be paid. Reducing customers or making products unavailable would harm the business rather than improve it.

Related tags

Expense ControlProfitFinancial ManagementIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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