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Estimating possible future challenges is part of what?

Answer and explanation

Correct answer: जोखिम प्रबंधन

Risk management is the process of identifying possible problems, judging how likely and serious they may be, and preparing suitable responses. When an entrepreneur anticipates future challenges, such as supply delays or changing demand, the entrepreneur can reduce their effect through planning, alternatives, or preventive action. Product consumption, entertainment planning, and stopping sales do not describe this business process.

Related tags

Risk-ManagementFuture-ChallengesPlanningIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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