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Why is it important for an entrepreneur to identify target customers?

Answer and explanation

Correct answer: To deliver the right product to the right people

A target customer is the group most likely to need and buy the offering. Identifying this group helps the entrepreneur design suitable features, set an appropriate price, choose effective communication, and use promotional resources efficiently. Hiding a product or ignoring the market prevents customer-product fit, so A is correct.

Related tags

Target CustomersMarket SelectionProduct FitEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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