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An entrepreneur abandons a failed strategy and adopts a new method to pursue the same goal. Which principle does this demonstrate?

Answer and explanation

Correct answer: Persistence in the goal and flexibility in the method

A is correct. The entrepreneur remains committed to the goal but changes the method when the original strategy fails. This combines persistence with flexibility, rather than repeating an ineffective approach or abandoning the goal immediately.

Related tags

PersistenceFlexibilityEntrepreneurshipIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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