If demand for a product is falling, what should an entrepreneur do first?
Answer and explanation
Correct answer: कारणों का विश्लेषण करके ग्राहकों से प्रतिक्रिया लेना
A fall in demand may result from changing preferences, price, quality, competition, availability, or communication. The entrepreneur should first collect evidence by analysing sales and seeking customer feedback. Only after identifying the cause can a suitable response—such as improving the product, changing price, or revising promotion—be chosen. Immediate closure, blame, or arbitrary pricing is not sound diagnosis.
Frequently asked questions
What is the correct answer to this question?
कारणों का विश्लेषण करके ग्राहकों से प्रतिक्रिया लेना
Why is this the correct answer?
A fall in demand may result from changing preferences, price, quality, competition, availability, or communication. The entrepreneur should first collect evidence by analysing sales and seeking customer feedback. Only after identifying the cause can a suitable response—such as improving the product, changing price, or revising promotion—be chosen. Immediate closure, blame, or arbitrary pricing is not sound diagnosis.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
