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Which type of thinking helps an entrepreneur survive best in changing conditions?

Answer and explanation

Correct answer: Flexible and creative thinking

Markets, technology, customer preferences, and competition can change over time. An entrepreneur with flexible and creative thinking can notice these changes, examine the available facts, and modify products, processes, or business plans accordingly. This ability improves the chances of survival and growth. Rigid thinking and dependence only on old methods reduce adaptability, while decisions without facts increase risk; therefore, option A is correct.

Related tags

AdaptabilityCreative-ThinkingEntrepreneurial-SkillsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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