An entrepreneur increased sales by changing products according to season. Which ability does this show?
Answer and explanation
Correct answer: Adaptability
Adaptability is the ability to respond constructively when market conditions, customer preferences, or seasons change. Here, the entrepreneur observes seasonal demand and adjusts the product instead of following one fixed approach. That change can improve relevance and sales, although it should still be supported by cost and demand analysis. Inactivity, cost ignorance, and indiscipline do not explain the decision.
Frequently asked questions
What is the correct answer to this question?
Adaptability
Why is this the correct answer?
Adaptability is the ability to respond constructively when market conditions, customer preferences, or seasons change. Here, the entrepreneur observes seasonal demand and adjusts the product instead of following one fixed approach. That change can improve relevance and sales, although it should still be supported by cost and demand analysis. Inactivity, cost ignorance, and indiscipline do not explain the decision.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
