An entrepreneur created healthy snacks for local teenagers but priced them very high. Which analysis is incomplete?
Answer and explanation
Correct answer: Customer paying capacity and price suitability
Even a good product must match customer paying capacity. In exams, see the relation between target customer and price.
Frequently asked questions
What is the correct answer to this question?
Customer paying capacity and price suitability
Why is this the correct answer?
Even a good product must match customer paying capacity. In exams, see the relation between target customer and price.
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.