What problem may occur if an entrepreneur does not check available resources and time before applying a new idea?
Answer and explanation
Correct answer: The plan may remain incomplete and cost may increase
A new idea may require sufficient time, money, people, equipment, and skills. If these are not checked, work may stop midway, deadlines may be missed, and unexpected expenses may rise. A feasibility check cannot guarantee success, but it reveals constraints and helps the entrepreneur prepare a realistic implementation plan.
Frequently asked questions
What is the correct answer to this question?
The plan may remain incomplete and cost may increase
Why is this the correct answer?
A new idea may require sufficient time, money, people, equipment, and skills. If these are not checked, work may stop midway, deadlines may be missed, and unexpected expenses may rise. A feasibility check cannot guarantee success, but it reveals constraints and helps the entrepreneur prepare a realistic implementation plan.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
