Collecting market information helps an entrepreneur in what?
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Answer and explanation
Correct answer: Understanding customer demand
Market information helps understand demand and preferences. Exam tip: link market study with planning.
Frequently asked questions
What is the correct answer to this question?
Understanding customer demand
Why is this the correct answer?
Market information helps understand demand and preferences. Exam tip: link market study with planning.
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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