An entrepreneur studies the reasons for failure and improves after it. Which quality does this show?
Answer and explanation
Correct answer: Perseverance and learning ability
Failure can provide information about weak assumptions, poor execution, customer needs, or resource use. An entrepreneur who examines the cause, learns from it, and improves the next attempt demonstrates perseverance and a learning attitude. Giving up shows inactivity, while carelessness and dependence on luck avoid responsibility for understanding results.
Frequently asked questions
What is the correct answer to this question?
Perseverance and learning ability
Why is this the correct answer?
Failure can provide information about weak assumptions, poor execution, customer needs, or resource use. An entrepreneur who examines the cause, learns from it, and improves the next attempt demonstrates perseverance and a learning attitude. Giving up shows inactivity, while carelessness and dependence on luck avoid responsibility for understanding results.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
