Why does only a good idea not guarantee the success of a venture?
Answer and explanation
Correct answer: Because execution, market understanding, and resource management are also necessary
A promising idea must be converted into a workable offering through planning, testing, operations, marketing, finance, and customer service. The entrepreneur must understand demand and manage limited resources effectively. A useful idea is therefore a starting point, not a guarantee; success depends heavily on disciplined execution and adaptation.
Frequently asked questions
What is the correct answer to this question?
Because execution, market understanding, and resource management are also necessary
Why is this the correct answer?
A promising idea must be converted into a workable offering through planning, testing, operations, marketing, finance, and customer service. The entrepreneur must understand demand and manage limited resources effectively. A useful idea is therefore a starting point, not a guarantee; success depends heavily on disciplined execution and adaptation.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Planning. Topic: Planning process.
