What can happen if an entrepreneur does not understand the customer's problem properly?
Answer and explanation
Correct answer: The product may be made for the wrong need
Understanding the customer problem is the starting point for designing a useful solution. If that problem is misunderstood, the entrepreneur may develop unwanted features, choose the wrong price, or produce something customers do not value. Demand and satisfaction will not automatically rise, and costs may even increase because of rework. Hence, option A is correct.
Frequently asked questions
What is the correct answer to this question?
The product may be made for the wrong need
Why is this the correct answer?
Understanding the customer problem is the starting point for designing a useful solution. If that problem is misunderstood, the entrepreneur may develop unwanted features, choose the wrong price, or produce something customers do not value. Demand and satisfaction will not automatically rise, and costs may even increase because of rework. Hence, option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
