What should an entrepreneur first learn from a failed experiment?
Answer and explanation
Correct answer: Which assumption was wrong
An experiment is designed to test an assumption about customers, demand, price, or a solution. When it fails, the first useful question is which assumption or condition was not supported by the evidence. That learning can guide revision and another test; blaming people, closing immediately, or ignoring customers does not explain the result, so A is correct.
Frequently asked questions
What is the correct answer to this question?
Which assumption was wrong
Why is this the correct answer?
An experiment is designed to test an assumption about customers, demand, price, or a solution. When it fails, the first useful question is which assumption or condition was not supported by the evidence. That learning can guide revision and another test; blaming people, closing immediately, or ignoring customers does not explain the result, so A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
