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Which quality helps an entrepreneur improve a business plan according to changing market conditions?

Answer and explanation

Correct answer: Adaptability

Adaptability enables an entrepreneur to respond to changes in customer preferences, competition, prices, technology, or demand. The entrepreneur may revise the product, price, promotion, or operations after considering new information. Carelessness, indecision, and complete dependence on others do not provide a reliable way to improve a plan.

Related tags

AdaptabilityBusiness PlanningMarket ConditionsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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