In which situation should an entrepreneur most appropriately modify the business idea?
Answer and explanation
Correct answer: When customers repeatedly report the same problem
Repeated reports of the same customer problem are meaningful evidence that the current idea, product, or process may not be meeting a need. The entrepreneur should investigate the cause and modify the solution accordingly. Casual dislike of a name or colour may affect presentation, but it does not by itself prove that the core idea is wrong.
Frequently asked questions
What is the correct answer to this question?
When customers repeatedly report the same problem
Why is this the correct answer?
Repeated reports of the same customer problem are meaningful evidence that the current idea, product, or process may not be meeting a need. The entrepreneur should investigate the cause and modify the solution accordingly. Casual dislike of a name or colour may affect presentation, but it does not by itself prove that the core idea is wrong.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
