Which is a good way to test a business idea?
Answer and explanation
Correct answer: Taking feedback from a few people and improving
A small pilot or prototype allows an entrepreneur to observe user reactions before committing substantial money and resources. Feedback can reveal defects, unclear features, or a weak customer need, after which the idea can be improved and tested again. Thus option A is correct. Large untested spending and ignoring criticism increase avoidable risk.
Frequently asked questions
What is the correct answer to this question?
Taking feedback from a few people and improving
Why is this the correct answer?
A small pilot or prototype allows an entrepreneur to observe user reactions before committing substantial money and resources. Feedback can reveal defects, unclear features, or a weak customer need, after which the idea can be improved and tested again. Thus option A is correct. Large untested spending and ignoring criticism increase avoidable risk.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
