Which option shows long-term thinking by an entrepreneur?
Answer and explanation
Correct answer: Maintaining quality, trust, and customer relationships along with profit
Long-term business success depends on repeat purchases, reputation, customer trust, and consistent quality, not merely one immediate sale. Preserving these factors can support future revenue and resilience. Cutting quality, ignoring customers, or suppressing complaints may produce short-term gains but damages relationships, so A demonstrates long-term thinking.
Frequently asked questions
What is the correct answer to this question?
Maintaining quality, trust, and customer relationships along with profit
Why is this the correct answer?
Long-term business success depends on repeat purchases, reputation, customer trust, and consistent quality, not merely one immediate sale. Preserving these factors can support future revenue and resilience. Cutting quality, ignoring customers, or suppressing complaints may produce short-term gains but damages relationships, so A demonstrates long-term thinking.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
