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An entrepreneur studies the reasons for failure and improves after it. Which quality does this show?

Answer and explanation

Correct answer: Perseverance and learning ability

Failure can provide information about weak assumptions, poor execution, customer needs, or resource use. An entrepreneur who examines the cause, learns from it, and improves the next attempt demonstrates perseverance and a learning attitude. Giving up shows inactivity, while carelessness and dependence on luck avoid responsibility for understanding results.

Related tags

Failure-LearningPerseveranceEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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