Which skill is strengthened by dividing a business problem into smaller parts and solving it?
Answer and explanation
Correct answer: Problem-solving skill
Breaking a business problem into smaller parts makes the issue easier to define and analyse. The entrepreneur can identify causes, set priorities, assign manageable actions, solve each part, and review the combined result. This is a systematic problem-solving method based on reasoning and planning. Blind copying, careless risk-taking, and dependence on luck do not provide a reliable process.
Frequently asked questions
What is the correct answer to this question?
Problem-solving skill
Why is this the correct answer?
Breaking a business problem into smaller parts makes the issue easier to define and analyse. The entrepreneur can identify causes, set priorities, assign manageable actions, solve each part, and review the combined result. This is a systematic problem-solving method based on reasoning and planning. Blind copying, careless risk-taking, and dependence on luck do not provide a reliable process.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.