Which activity can help generate new business ideas?
Answer and explanation
Correct answer: Observing people’s daily difficulties
Daily difficulties often reveal unmet needs, inefficient processes, or situations where people would value a better solution. By observing carefully and then discussing the problem with potential users, an entrepreneur can generate and refine business ideas. Therefore option A is correct. Ignoring customers, information, and suggestions removes useful sources of opportunity.
Frequently asked questions
What is the correct answer to this question?
Observing people’s daily difficulties
Why is this the correct answer?
Daily difficulties often reveal unmet needs, inefficient processes, or situations where people would value a better solution. By observing carefully and then discussing the problem with potential users, an entrepreneur can generate and refine business ideas. Therefore option A is correct. Ignoring customers, information, and suggestions removes useful sources of opportunity.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
