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If an entrepreneur does not understand changing customer preferences on time, what may happen?

Answer and explanation

Correct answer: उत्पाद की मांग घट सकती है

Customer preferences influence what people consider useful, attractive, affordable, or convenient. If an entrepreneur fails to notice these changes, the product may become less relevant and customers may move to alternatives, reducing demand. The result is not certain in every case, but declining demand is the logical business risk; profit and customers cannot be assumed to rise.

Related tags

Customer-PreferenceMarket-ChangeEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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