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Which sign shows that an entrepreneur has correctly understood the business model?

Answer and explanation

Correct answer: The entrepreneur knows whom to serve and how revenue will be generated

A business model explains the target customer, the value offered to that customer, and the way the enterprise will earn revenue. Knowing only a product feature is insufficient, while ignoring needs or expenses shows poor planning. Therefore option A captures the essential logic of a business model.

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Business-ModelRevenueEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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