An entrepreneur chooses between two ideas and selects the one with low cost, clear demand, and available skills. On what basis was the decision made?
Answer and explanation
Correct answer: व्यवहार्यता
Feasibility means examining whether an idea can be implemented successfully with available resources and conditions. Low cost supports financial feasibility, clear demand supports market feasibility, and available skills support operational feasibility. Therefore, the choice is based on feasibility rather than rumor, appearance, or luck.
Frequently asked questions
What is the correct answer to this question?
व्यवहार्यता
Why is this the correct answer?
Feasibility means examining whether an idea can be implemented successfully with available resources and conditions. Low cost supports financial feasibility, clear demand supports market feasibility, and available skills support operational feasibility. Therefore, the choice is based on feasibility rather than rumor, appearance, or luck.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
