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If customers find a product useful but feel the price is too high, what should the entrepreneur do first?

Answer and explanation

Correct answer: लागत, मूल्य और ग्राहक क्षमता का पुनः आकलन करना चाहिए

The feedback shows that the product has usefulness, but its price may not match customer affordability or perceived value. The entrepreneur should examine production cost, possible efficiencies, customer willingness to pay, and competing prices before acting. Ignoring feedback, closing immediately, or raising price further is not a reasoned first response.

Related tags

PricingCustomer-FeedbackEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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