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An entrepreneur plans cost improvements to continue a low-profit but socially necessary product. Which quality does this illustrate?

Answer and explanation

Correct answer: Social responsibility and problem-solving

Continuing a socially necessary product shows concern for community needs, which is social responsibility. Planning cost improvements seeks a practical way to make that service sustainable, which is problem-solving. The decision is not merely risk-taking, personal publicity, or rigidity because it combines social purpose with a corrective business plan.

Related tags

Social ResponsibilityProblem SolvingQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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