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A person avoided every risk and lost a good market opportunity. What does this clarify?

Answer and explanation

Correct answer: Complete risk avoidance can also cause opportunity loss

Entrepreneurship requires assessment and balanced management of risk. In exams identify calculated risk as different from blind risk and complete avoidance.

Related tags

Risk Avoidance MythOpportunity LossRisk AssessmentCalculated RiskMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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