Which quality is shown when an entrepreneur improves a product or service according to customers’ changing needs?
Answer and explanation
Correct answer: Adaptability
Adaptability is the ability to adjust plans, products, services, or methods when circumstances change. Responding to customer feedback and changing needs helps a venture remain relevant and competitive. Procrastination delays action, carelessness reduces quality, and non-cooperation harms teamwork; none of these explains purposeful improvement in response to market change.
Frequently asked questions
What is the correct answer to this question?
Adaptability
Why is this the correct answer?
Adaptability is the ability to adjust plans, products, services, or methods when circumstances change. Responding to customer feedback and changing needs helps a venture remain relevant and competitive. Procrastination delays action, carelessness reduces quality, and non-cooperation harms teamwork; none of these explains purposeful improvement in response to market change.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
