When is adaptability most important for an entrepreneur?
Answer and explanation
Correct answer: When customer needs, technology, or market conditions change
Adaptability means adjusting plans, products, processes, or strategies when circumstances change. Changes in customer preferences, technology, regulations, or competition may make an old business model less effective. A stable market or absence of decisions creates less need for this skill, so option A is the best answer.
Frequently asked questions
What is the correct answer to this question?
When customer needs, technology, or market conditions change
Why is this the correct answer?
Adaptability means adjusting plans, products, processes, or strategies when circumstances change. Changes in customer preferences, technology, regulations, or competition may make an old business model less effective. A stable market or absence of decisions creates less need for this skill, so option A is the best answer.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
