An entrepreneur sees similar products in the market and adds home delivery to the service. This is a mix of which characteristics?
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Answer and explanation
Correct answer: Differentiation and customer-centred innovation
Adding convenience to service creates differentiation in the market. In exams, treat customer-convenience change as innovation.
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What is the correct answer to this question?
Differentiation and customer-centred innovation
Why is this the correct answer?
Adding convenience to service creates differentiation in the market. In exams, treat customer-convenience change as innovation.
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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