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What can happen if an entrepreneur does not understand the customer's problem properly?

Answer and explanation

Correct answer: The product may be made for the wrong need

Understanding the customer problem is the starting point for designing a useful solution. If that problem is misunderstood, the entrepreneur may develop unwanted features, choose the wrong price, or produce something customers do not value. Demand and satisfaction will not automatically rise, and costs may even increase because of rework. Hence, option A is correct.

Related tags

Customer-ProblemProduct-DevelopmentNeedsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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