Which of the following qualities is a sign of a successful entrepreneur?
Answer and explanation
Correct answer: Assessing risks and making informed decisions
A successful entrepreneur studies available information, weighs possible benefits and losses, and makes an informed decision. This is calculated risk-taking rather than blind action. Ignoring market changes, refusing new approaches, or dismissing customer feedback can prevent timely improvement and reduce the chances of business success.
Frequently asked questions
What is the correct answer to this question?
Assessing risks and making informed decisions
Why is this the correct answer?
A successful entrepreneur studies available information, weighs possible benefits and losses, and makes an informed decision. This is calculated risk-taking rather than blind action. Ignoring market changes, refusing new approaches, or dismissing customer feedback can prevent timely improvement and reduce the chances of business success.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
