Which is the correct example of entrepreneurial skill?
Answer and explanation
Correct answer: Understanding customer need and creating a useful solution
Entrepreneurial skill includes observing needs, identifying opportunities, thinking creatively, planning, and taking responsible action. Understanding customers and creating a useful solution combines several of these abilities and can produce value. Therefore option A is correct. Avoidance, careless spending, and dishonest selling are poor business practices, not entrepreneurial skills.
Frequently asked questions
What is the correct answer to this question?
Understanding customer need and creating a useful solution
Why is this the correct answer?
Entrepreneurial skill includes observing needs, identifying opportunities, thinking creatively, planning, and taking responsible action. Understanding customers and creating a useful solution combines several of these abilities and can produce value. Therefore option A is correct. Avoidance, careless spending, and dishonest selling are poor business practices, not entrepreneurial skills.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
