If an entrepreneur finds similar products in the market, how can a unique identity be created?
Answer and explanation
Correct answer: By offering better quality, a distinctive feature, or special customer service
When similar products already exist, an entrepreneur can build a distinct identity through better quality, a useful unique feature, attractive presentation, reliable service, or a better customer experience. Therefore, option A is correct. Simply lowering quality to cut the price can harm customer trust and brand image in the long run. Exam tip: connect business differentiation with innovation, quality, and customer satisfaction.
Frequently asked questions
What is the correct answer to this question?
By offering better quality, a distinctive feature, or special customer service
Why is this the correct answer?
When similar products already exist, an entrepreneur can build a distinct identity through better quality, a useful unique feature, attractive presentation, reliable service, or a better customer experience. Therefore, option A is correct. Simply lowering quality to cut the price can harm customer trust and brand image in the long run. Exam tip: connect business differentiation with innovation, quality, and customer satisfaction.
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.
