An entrepreneur improves the product using customer feedback even after repeated failed attempts. Which quality does this show?
Answer and explanation
Correct answer: Perseverance and willingness to learn
Continuing to work after setbacks demonstrates perseverance, while using customer feedback to change the product demonstrates a willingness to learn and adapt. Together, these qualities help an entrepreneur turn failure into information for improvement rather than treating it as a final defeat. The behaviour does not show avoidance of planning or responsibility, and it cannot be reduced to a desire for money alone.
Frequently asked questions
What is the correct answer to this question?
Perseverance and willingness to learn
Why is this the correct answer?
Continuing to work after setbacks demonstrates perseverance, while using customer feedback to change the product demonstrates a willingness to learn and adapt. Together, these qualities help an entrepreneur turn failure into information for improvement rather than treating it as a final defeat. The behaviour does not show avoidance of planning or responsibility, and it cannot be reduced to a desire for money alone.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
