Which is the best example of entrepreneurial skill?
Answer and explanation
Correct answer: Understanding customer need and making a useful solution
Entrepreneurial skill involves observing needs, generating ideas, solving problems, taking informed action, and creating value ethically. Understanding customers and developing a useful solution combines several of these abilities. Therefore option A is the best answer. Avoiding problems, wasting money, or misleading buyers reflects weak or unethical business behaviour.
Frequently asked questions
What is the correct answer to this question?
Understanding customer need and making a useful solution
Why is this the correct answer?
Entrepreneurial skill involves observing needs, generating ideas, solving problems, taking informed action, and creating value ethically. Understanding customers and developing a useful solution combines several of these abilities. Therefore option A is the best answer. Avoiding problems, wasting money, or misleading buyers reflects weak or unethical business behaviour.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
