How is problem-solving skill useful for an entrepreneur?
Answer and explanation
Correct answer: It helps find practical solutions to challenges
Entrepreneurs face problems involving customers, resources, employees, suppliers, costs, and changing markets. Problem-solving skill helps them define the real issue, collect relevant facts, generate alternatives, compare consequences, and implement a practical solution. It does not hide problems, remove customer needs, or make planning useless; effective planning and problem solving support each other. Hence, A is correct.
Frequently asked questions
What is the correct answer to this question?
It helps find practical solutions to challenges
Why is this the correct answer?
Entrepreneurs face problems involving customers, resources, employees, suppliers, costs, and changing markets. Problem-solving skill helps them define the real issue, collect relevant facts, generate alternatives, compare consequences, and implement a practical solution. It does not hide problems, remove customer needs, or make planning useless; effective planning and problem solving support each other. Hence, A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
