Which is the best example of adaptability in entrepreneurship?
Answer and explanation
Correct answer: Improving strategy after observing market change
Adaptability is the ability to respond constructively when customer preferences, technology, competition, or other conditions change. An entrepreneur observes evidence, evaluates alternatives, and modifies the strategy or offering where appropriate. It does not mean repeating an old mistake, accepting every suggestion blindly, or cutting off customer contact. Adaptation combines flexibility with informed judgement.
Frequently asked questions
What is the correct answer to this question?
Improving strategy after observing market change
Why is this the correct answer?
Adaptability is the ability to respond constructively when customer preferences, technology, competition, or other conditions change. An entrepreneur observes evidence, evaluates alternatives, and modifies the strategy or offering where appropriate. It does not mean repeating an old mistake, accepting every suggestion blindly, or cutting off customer contact. Adaptation combines flexibility with informed judgement.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
