What can be a source of a business idea?
Answer and explanation
Correct answer: A problem or need of people
Many business ideas begin when someone observes an unmet need, repeated inconvenience, or problem faced by people. Research, customer conversations, technology, and personal experience can then help shape a useful solution. Therefore option A is correct. Laziness, ignoring rules, and refusing information do not provide a reliable basis for a viable idea.
Frequently asked questions
What is the correct answer to this question?
A problem or need of people
Why is this the correct answer?
Many business ideas begin when someone observes an unmet need, repeated inconvenience, or problem faced by people. Research, customer conversations, technology, and personal experience can then help shape a useful solution. Therefore option A is correct. Laziness, ignoring rules, and refusing information do not provide a reliable basis for a viable idea.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
