What should be checked first to make a business idea successful?
Answer and explanation
Correct answer: What problem the idea will solve
A business idea should begin with a real customer or social problem and a plausible solution. Checking this first helps determine whether there is a genuine need, who experiences it, and whether customers may value the proposed answer. A name, wall colour, or owner’s age may matter in limited circumstances, but none validates the core business opportunity. Thus, A is correct.
Frequently asked questions
What is the correct answer to this question?
What problem the idea will solve
Why is this the correct answer?
A business idea should begin with a real customer or social problem and a plausible solution. Checking this first helps determine whether there is a genuine need, who experiences it, and whether customers may value the proposed answer. A name, wall colour, or owner’s age may matter in limited circumstances, but none validates the core business opportunity. Thus, 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.
