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What does value proposition mean in entrepreneurship?

Answer and explanation

Correct answer: Main benefit and uniqueness offered to customers

A value proposition is a clear statement of the important benefit an offering gives to a target customer and, often, why it is preferable to available alternatives. It connects the customer’s problem or need with the enterprise’s solution and distinctive value. An address, owner’s story, or employee list may be business information, but none explains the customer benefit.

Related tags

Value-PropositionCustomer-BenefitEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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