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Why is market information necessary in women entrepreneurship?

Answer and explanation

Correct answer: To understand product price and customer need

Market information tells an entrepreneur what customers want, how much they are willing to pay, which products already exist, where materials can be obtained, and how competitors are selling. Women entrepreneurs can use this information to select a useful product, estimate costs, set a reasonable price, choose a suitable place to sell, and plan production. Better information reduces guesswork and supports informed decisions.

Option C is correct because it directly connects market knowledge with product choice, price, and customer needs. The other choices describe harmful or illogical outcomes and do not explain entrepreneurship. Market information does not guarantee success, but it improves planning and helps an entrepreneur respond to demand. It can also strengthen bargaining power and make income generation more sustainable.

Related tags

Women-EntrepreneurshipMarket-InformationPricing

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