Which question is most useful while choosing a business idea?
Answer and explanation
Correct answer: Does it solve a real need or problem?
A strong business idea should respond to a genuine customer need or problem and create useful value. Asking this question encourages research into demand, feasibility, and the benefit offered before resources are committed. Profit without effort, a business without customers, and permanent zero cost are unrealistic assumptions. Therefore, option A is the most useful and evidence-oriented question.
Frequently asked questions
What is the correct answer to this question?
Does it solve a real need or problem?
Why is this the correct answer?
A strong business idea should respond to a genuine customer need or problem and create useful value. Asking this question encourages research into demand, feasibility, and the benefit offered before resources are committed. Profit without effort, a business without customers, and permanent zero cost are unrealistic assumptions. Therefore, option A is the most useful and evidence-oriented question.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
