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An entrepreneur evaluated product success through customer and environmental impact as well as profit. Which approach does this show?

Answer and explanation

Correct answer: Multidimensional performance evaluation

Multidimensional performance evaluation uses several kinds of outcomes rather than one financial measure. Profit shows an economic result, while customer and environmental effects show whether the product creates value responsibly and sustainably. Considering all these dimensions is broader than financial or customer-service evaluation alone and is not short-term thinking.

Related tags

Performance-EvaluationSustainabilityQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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