Final answer:
An entrepreneur may reduce his risk of loss by planning ahead.
Step-by-step explanation:
The correct answer is A. Planning ahead.
An entrepreneur may reduce his risk of loss by planning ahead. By carefully considering and anticipating potential risks and challenges, an entrepreneur can develop strategies and contingency plans to minimize the impact of these risks on the business.
For example, an entrepreneur who plans ahead may conduct market research to identify potential competitors, assess market demand, and make informed decisions about pricing, product development, and marketing strategies. This proactive approach can help the entrepreneur avoid costly mistakes and make more informed business decisions.
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