What is the correct meaning of problem solving in business?
Answer and explanation
Correct answer: Identifying a problem and finding a suitable solution
Business problem solving is a systematic process of recognising and defining an issue, understanding its causes, considering alternatives, selecting a practical solution, implementing it, and checking the result. Ignoring the problem, blaming without evidence, or stopping work does not resolve the underlying issue and may increase its effect.
Frequently asked questions
What is the correct answer to this question?
Identifying a problem and finding a suitable solution
Why is this the correct answer?
Business problem solving is a systematic process of recognising and defining an issue, understanding its causes, considering alternatives, selecting a practical solution, implementing it, and checking the result. Ignoring the problem, blaming without evidence, or stopping work does not resolve the underlying issue and may increase its effect.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
