Which decision best demonstrates an entrepreneur’s long-term vision?
Answer and explanation
Correct answer: Accepting lower profit today to build quality and customer trust
Long-term vision means considering the future impact of a decision instead of seeking only immediate profit. Accepting a lower profit temporarily to improve quality can build customer satisfaction, trust, repeat purchases, and a strong reputation. False claims and suppressed complaints may produce short-term gains but damage credibility, while avoiding training weakens performance. Therefore, option A reflects ethical and sustainable business thinking.
Frequently asked questions
What is the correct answer to this question?
Accepting lower profit today to build quality and customer trust
Why is this the correct answer?
Long-term vision means considering the future impact of a decision instead of seeking only immediate profit. Accepting a lower profit temporarily to improve quality can build customer satisfaction, trust, repeat purchases, and a strong reputation. False claims and suppressed complaints may produce short-term gains but damage credibility, while avoiding training weakens performance. Therefore, option A reflects ethical and sustainable business thinking.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
