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To understand whether a business idea is good or not, what should be checked first?

Answer and explanation

Correct answer: Whether it solves a need or problem

A business idea should first be connected with a real customer need or problem. If people value the proposed solution, there may be demand, although costs, competition, and feasibility must also be studied later. Hence option A is the best first check. The other choices indicate absence of customers, planning, or viability.

Related tags

Business-IdeaMarket-NeedEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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