While selecting a line in business, and entrepreneur must keep in his mind? (1)
a) Profitability b) Risk Involved c) Profits d) All above
Answers
Explanation:
while selecting a line in business,and entrepreneur must keep in his mind all the above
While selecting a line in business, and entrepreneur must keep all the above options in his mind .
Answer: d
Explanation:
The entrepreneur will have to study all the factors which may have an influence on the selection of the type of business. He needs to carefully understand the risks involved in certain types of business, and the profits that they may get to enjoy by analyzing other entrepreneurs.
Besides keeping an open mind while looking for business opportunities and generating business ideas, an entrepreneur must keep in mind that he business idea should utilize his technical and professional abilities. In order to manage certain manufacturing techniques, the entrepreneur must process the requisite skills and qualifications. It would make things easier if he or she had the necessary knowledge and experience as well.