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What is flexibility in entrepreneurship?

Answer and explanation

Correct answer: Making suitable changes in plans and actions according to changing situations

Flexibility is the ability to review assumptions and make suitable changes when customer preferences, technology, costs, competition, or other conditions change. It does not mean changing direction randomly; decisions should still be based on evidence and goals. Refusing feedback or every new opportunity shows rigidity. Therefore, option A correctly explains entrepreneurial flexibility.

Related tags

FlexibilityAdaptabilityEntrepreneurial-SkillsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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