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In which situation is an entrepreneur's adaptability demonstrated?

Answer and explanation

Correct answer: The entrepreneur changes strategy according to new conditions

Adaptability is the ability to respond sensibly when conditions change. An entrepreneur may revise a product, price, promotion, or business plan after learning about new customer preferences or market conditions. Rejecting feedback, ignoring change, or following an old plan without review shows inflexibility. Therefore, changing strategy according to new conditions, as stated in option D, demonstrates adaptability.

Related tags

AdaptabilityStrategyMarket-ChangeEntrepreneurial-SkillIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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