When should an entrepreneur change the idea but not give up the goal?
Answer and explanation
Correct answer: When customers say the solution is not useful but the problem is real
If the underlying problem is real but customers reject the proposed solution, the entrepreneur should preserve the goal of solving that problem while revising the product, delivery method, or value proposition. This evidence-based change is often called a pivot. Good sales, suitable cost, or satisfaction normally support continuation, so A is correct.
Frequently asked questions
What is the correct answer to this question?
When customers say the solution is not useful but the problem is real
Why is this the correct answer?
If the underlying problem is real but customers reject the proposed solution, the entrepreneur should preserve the goal of solving that problem while revising the product, delivery method, or value proposition. This evidence-based change is often called a pivot. Good sales, suitable cost, or satisfaction normally support continuation, so 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.
