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What does adaptability mean for an entrepreneur?

Answer and explanation

Correct answer: Making suitable changes in methods when conditions change

Adaptability is the ability to respond constructively when markets, technology, customer preferences, or business conditions change. An adaptable entrepreneur studies the new situation, evaluates alternatives, and modifies the plan or method where necessary. Therefore option A is correct. Fear, repeated mistakes, and ignoring customers show rigidity rather than adaptability.

Related tags

AdaptabilityChange-ManagementEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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