What is the best entrepreneurial response after failure in a venture?
Answer and explanation
Correct answer: कारणों का विश्लेषण करके सुधार योजना बनाना
Failure can provide information about assumptions, costs, product quality, timing, or customer needs. Reviewing evidence and identifying the causes allows the entrepreneur to revise the plan, test improvements, and make a more informed next attempt. Blaming customers, deleting records, or abandoning all future effort prevents learning and does not address the actual problem.
Frequently asked questions
What is the correct answer to this question?
कारणों का विश्लेषण करके सुधार योजना बनाना
Why is this the correct answer?
Failure can provide information about assumptions, costs, product quality, timing, or customer needs. Reviewing evidence and identifying the causes allows the entrepreneur to revise the plan, test improvements, and make a more informed next attempt. Blaming customers, deleting records, or abandoning all future effort prevents learning and does not address the actual problem.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
