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Why is collecting information before making decisions useful for an entrepreneur?

Answer and explanation

Correct answer: It reduces uncertainty and supports better decisions

Information about customer needs, costs, competition, and risks helps an entrepreneur compare options using evidence rather than guesswork. This reduces uncertainty and supports better decisions. It cannot remove every difficulty or guarantee profit, so B is correct.

Related tags

Decision MakingInformation GatheringIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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