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Why is a balance between data and intuition necessary in entrepreneurial decision-making?

Answer and explanation

Correct answer: Data provides evidence and intuition may offer experience-based insight

Data gives measurable evidence about customers, costs, demand and performance, while intuition can help an entrepreneur notice patterns or possibilities drawn from experience. Neither should automatically replace the other. A balanced decision checks the intuitive idea against available evidence, making option A correct.

Related tags

DataIntuitionIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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