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Which type of thinking helps an entrepreneur survive in a changing market?

Answer and explanation

Correct answer: Flexible and solution-focused thinking

Markets change because of customer preferences, technology, competition, costs, and regulations. Flexible, solution-focused thinking helps an entrepreneur observe these changes, learn from evidence, and adapt the product, process, or plan. Rigidity, dependence on luck, and blaming customers prevent useful responses and reduce resilience.

Related tags

AdaptabilityEntrepreneurial-MindsetEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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