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Why is learning from failure important for an entrepreneur?

Answer and explanation

Correct answer: Because it helps understand mistakes and make better decisions

Failure provides useful evidence about what did not work, such as a weak plan, unsuitable price, or unmet customer need. An entrepreneur can examine the cause, collect feedback, change the method, and try again with better judgement. It does not mean that effort must stop or that failure is always final; therefore, option A is correct.

Related tags

FailureLearningDecision-MakingEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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