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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsExpertLevel 47

If an entrepreneur changes an old product according to a new customer group, what is this the best example of?

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Answer and explanation

Correct answer: Customer-based innovation

Improving according to a customer group shows both innovation and market understanding. In exams, identify useful change.

Tags

customer based innovationtarget groupproduct change

Frequently asked questions

What is the correct answer to this question?

Customer-based innovation

Why is this the correct answer?

Improving according to a customer group shows both innovation and market understanding. In exams, identify useful change.

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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