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An entrepreneur identified a customer problem, researched it, made a small prototype, collected feedback, and then improved it. Which entrepreneurial process does this best show?

Answer and explanation

Correct answer: Developing an enterprise through learning from problem to solution

The sequence begins with identifying a need, then uses research and a prototype to test the proposed solution. Customer feedback provides learning, and improvement follows that evidence. This iterative process reduces uncertainty and develops value for users. The other options ignore planning, learning, or customer participation.

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Entrepreneurial-ProcessPrototypeProductMarketing ManagementBusiness StudiesClass 12 Mcq

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