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Why must an entrepreneur identify the target customer group?

Answer and explanation

Correct answer: So that the product, price, and promotion match the right people

Different customer groups can have different needs, incomes, preferences, buying habits, and media choices. Identifying the target group helps the entrepreneur design suitable product features, choose an acceptable price, and communicate through effective promotional channels. It does not mean ignoring other people without reason; it means focusing resources where the offering is most relevant. Hence, option A is correct.

Related tags

Target CustomersMarketingCustomer SegmentationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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