Why is honesty necessary for an entrepreneur?
Answer and explanation
Correct answer: To gain customer trust
Honesty means giving truthful information, keeping promises, and dealing fairly with customers and other stakeholders. It builds credibility and trust, encourages repeat business, and supports a responsible reputation. Therefore option A is correct. Cheating, selling unsuitable goods, or hiding poor service may produce a short-term gain but damages ethics and long-term relationships.
Frequently asked questions
What is the correct answer to this question?
To gain customer trust
Why is this the correct answer?
Honesty means giving truthful information, keeping promises, and dealing fairly with customers and other stakeholders. It builds credibility and trust, encourages repeat business, and supports a responsible reputation. Therefore option A is correct. Cheating, selling unsuitable goods, or hiding poor service may produce a short-term gain but damages ethics and long-term relationships.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
