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When is customer feedback most useful for an entrepreneur?

Answer and explanation

Correct answer: When it is honestly understood and used for improvement

Feedback becomes useful when the entrepreneur collects it from relevant customers, listens without defensiveness, identifies common patterns, and converts the findings into specific improvements. Both praise and criticism may contain information. Deleting complaints or accepting only praise creates a distorted picture of performance. Therefore, honest interpretation followed by action makes option A the correct answer.

Related tags

Customer FeedbackImprovementCustomer SatisfactionEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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