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In which situation should an entrepreneur consider changing the target customer segment?

Answer and explanation

Correct answer: When current customers do not understand the product value at all

A target segment should contain people who have the relevant need and can understand and value the proposed solution. If research repeatedly shows that the current group does not recognise the benefit, the entrepreneur may improve the product or examine a better-matched segment. Shop colour, a long name, or personal boredom is not reliable evidence of poor market fit.

Related tags

Target-SegmentMarket-FitEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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