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Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsExpertLevel 46

An entrepreneur balances customer convenience, quality and price to make a product distinct. This is an example of what?

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Answer and explanation

Correct answer: Differentiation strategy

Differentiation creates a useful difference and market identity. In exams, connect differentiation with customer value.

Tags

differentiationqualitypriceconvenience

Frequently asked questions

What is the correct answer to this question?

Differentiation strategy

Why is this the correct answer?

Differentiation creates a useful difference and market identity. In exams, connect differentiation with customer value.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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