In which situation should an entrepreneur change the original idea?
Answer and explanation
Correct answer: When evidence shows customers find another solution more useful
An entrepreneur should remain attached to the customer’s problem, not blindly to the first version of an idea. Testing, repeated feedback, or observed demand may show that another solution creates more value. Changing the idea on reliable evidence demonstrates flexibility and learning; casual jokes or personal dislike are not sound evidence.
Frequently asked questions
What is the correct answer to this question?
When evidence shows customers find another solution more useful
Why is this the correct answer?
An entrepreneur should remain attached to the customer’s problem, not blindly to the first version of an idea. Testing, repeated feedback, or observed demand may show that another solution creates more value. Changing the idea on reliable evidence demonstrates flexibility and learning; casual jokes or personal dislike are not sound evidence.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
