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If customers are not buying the product, what should an entrepreneur do first?

Answer and explanation

Correct answer: Collect information from customers and market to know the reason

The first step is diagnosis, not an immediate reaction. The entrepreneur should collect customer feedback and market information to examine price, quality, usefulness, awareness, competition, and distribution. Once the likely cause is understood, the product or strategy can be improved. Blaming customers or closing without evidence is premature.

Related tags

Low SalesMarket FeedbackProblem AnalysisEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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