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In which situation should an entrepreneur consider changing the idea?

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Answer and explanation

Correct answer: जब कई परीक्षणों में ग्राहक जरूरत और उत्पाद में मेल न मिले

Repeated tests showing that the product does not solve a meaningful customer problem are strong evidence of poor product-market fit. The entrepreneur may then modify the product, change the target segment, or pivot to a related idea. One purchase, accurate records, or teamwork does not by itself show that the idea should be changed.

Tags

pivotproduct-market-fitEntrepreneurship DevelopmentMSME and Business EntrepreneurshipBusiness StudiesClass 11 MCQ

Frequently asked questions

What is the correct answer to this question?

जब कई परीक्षणों में ग्राहक जरूरत और उत्पाद में मेल न मिले

Why is this the correct answer?

Repeated tests showing that the product does not solve a meaningful customer problem are strong evidence of poor product-market fit. The entrepreneur may then modify the product, change the target segment, or pivot to a related idea. One purchase, accurate records, or teamwork does not by itself show that the idea should be changed.

Which subject and chapter does this question cover?

This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.

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