Which is a correct example of creativity in entrepreneurship?
Answer and explanation
Correct answer: Finding a new way to solve a customer problem at low cost
Creativity in entrepreneurship means generating an original or improved idea that is useful in a real situation. Finding a lower-cost way to solve a customer’s problem shows both novelty and practical value, so option A is correct. Repeating old methods, ignoring users, or increasing price without benefit does not demonstrate creative value creation.
Frequently asked questions
What is the correct answer to this question?
Finding a new way to solve a customer problem at low cost
Why is this the correct answer?
Creativity in entrepreneurship means generating an original or improved idea that is useful in a real situation. Finding a lower-cost way to solve a customer’s problem shows both novelty and practical value, so option A is correct. Repeating old methods, ignoring users, or increasing price without benefit does not demonstrate creative value creation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
