Why is patience important for an entrepreneur?
Answer and explanation
Correct answer: Because success may take time
A new business may need time to build products, attract customers, recover investment, and earn a stable return. Patience allows an entrepreneur to continue purposeful effort, learn from results, and improve the plan instead of reacting impulsively to every short-term difficulty. It does not mean avoiding work or customers. Therefore, the reason in A is correct.
Frequently asked questions
What is the correct answer to this question?
Because success may take time
Why is this the correct answer?
A new business may need time to build products, attract customers, recover investment, and earn a stable return. Patience allows an entrepreneur to continue purposeful effort, learn from results, and improve the plan instead of reacting impulsively to every short-term difficulty. It does not mean avoiding work or customers. Therefore, the reason in A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
