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.
Frequently asked questions
What is the correct answer to this question?
अपनी अलग पहचान, कीमत और सेवा सुधारने के लिए
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
