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What should an entrepreneur learn from failure?

Answer and explanation

Correct answer: Identify mistakes and improve

Failure can provide information about weak assumptions, unsuitable methods, poor timing, or unmet customer needs. An entrepreneur should examine the evidence, identify what went wrong, modify the plan, and make a more informed attempt. Therefore option A is correct. Repeatedly quitting or blaming others prevents learning and improvement.

Related tags

FailureLearning-ImprovementEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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