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Which is the best example of adaptability in entrepreneurship?

Answer and explanation

Correct answer: Improving strategy after observing market change

Adaptability is the ability to respond constructively when customer preferences, technology, competition, or other conditions change. An entrepreneur observes evidence, evaluates alternatives, and modifies the strategy or offering where appropriate. It does not mean repeating an old mistake, accepting every suggestion blindly, or cutting off customer contact. Adaptation combines flexibility with informed judgement.

Related tags

AdaptabilityMarket-ChangeEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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