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Why should an entrepreneur understand the customer's problem?

Answer and explanation

Correct answer: To develop a useful solution

Understanding the customer’s actual problem helps an entrepreneur decide whether an opportunity is meaningful and design a product or service that addresses the need. A solution based on a real problem is more likely to create value and receive useful feedback. Ignoring needs, misleading customers, or arbitrary pricing does not solve the problem, so A is correct.

Related tags

EntrepreneurshipCustomer NeedsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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