An entrepreneur has limited capital and wants to launch a new product while market demand is uncertain. What is the wisest first step?
Answer and explanation
Correct answer: छोटा नमूना बनाकर ग्राहक प्रतिक्रिया लेना
With limited capital and uncertain demand, the entrepreneur should first reduce uncertainty through a small prototype or pilot. Feedback can reveal whether customers understand, want, and can afford the product, while defects can be corrected before full production. Large production or promotion before testing commits scarce funds without reliable evidence.
Frequently asked questions
What is the correct answer to this question?
छोटा नमूना बनाकर ग्राहक प्रतिक्रिया लेना
Why is this the correct answer?
With limited capital and uncertain demand, the entrepreneur should first reduce uncertainty through a small prototype or pilot. Feedback can reveal whether customers understand, want, and can afford the product, while defects can be corrected before full production. Large production or promotion before testing commits scarce funds without reliable evidence.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
