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Why should an entrepreneur study competitors?

Answer and explanation

Correct answer: अपनी अलग पहचान, कीमत और सेवा सुधारने के लिए

Competitor analysis reveals the alternatives customers already have, including their prices, features, service standards, and strengths. The entrepreneur can use this information ethically to identify gaps, differentiate the offering, and improve value. The purpose is learning and strategic comparison, not copying illegally or abandoning customers and records.

Related tags

Competitor-AnalysisDifferentiationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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