If an entrepreneur only copies a competitor and offers no distinct benefit, what will be the biggest challenge?
Answer and explanation
Correct answer: ग्राहक को चुनने का मजबूत कारण नहीं मिलेगा
A business needs a clear value proposition explaining why customers should choose it. If the product, price, service, and experience are merely copied, customers may see no meaningful difference and may prefer the established competitor. Copying does not eliminate costs or competition, and feedback remains necessary for improvement.
Frequently asked questions
What is the correct answer to this question?
ग्राहक को चुनने का मजबूत कारण नहीं मिलेगा
Why is this the correct answer?
A business needs a clear value proposition explaining why customers should choose it. If the product, price, service, and experience are merely copied, customers may see no meaningful difference and may prefer the established competitor. Copying does not eliminate costs or competition, and feedback remains necessary for improvement.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
