Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A person starts a business without studying the market or costs in the name of courage and fails. Which myth is exposed?

Answer and explanation

Correct answer: A courageous entrepreneur does not need planning

Courage can help an entrepreneur face uncertainty, but courage does not mean acting without information. Before starting a business, a person should study customers, competitors, likely demand, costs, available resources, and possible risks. Planning does not remove every uncertainty, yet it helps the entrepreneur make realistic choices and prepare responses to difficulties. Ignoring these steps and calling it courage is actually careless decision-making.

Option B is correct because it exposes the myth that a brave entrepreneur does not need planning. Option A wrongly rejects all market study, option C limits the importance of costs to large firms, and option D blames every failure only on luck. A thoughtful entrepreneur combines confidence with research, budgeting, testing, and planning. Courage is useful when guided by knowledge; it is not a substitute for preparation.

Related tags

Planning MythCourageMarket StudyCost AnalysisMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.