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.
Frequently asked questions
What is the correct answer to this question?
Developing an enterprise through learning from problem to solution
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Marketing Management. Topic: Product.
