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What problem may occur if an entrepreneur does not understand changing customer preferences on time?

Answer and explanation

Correct answer: Demand for the product or service may decrease

When customer preferences change, an entrepreneur should improve the service or product. In exams, connect market change with customer feedback.

Related tags

Customer PreferenceMarket ChangeEntrepreneurshipEntrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And CharacteristicsWorkLivelihood And CareerWork Livelihood And CareerHome Science

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