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

If an entrepreneur gives the same product to every customer despite different needs, what is the main strategic weakness?

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Answer and explanation

Correct answer: Lack of market segmentation

Not designing service for different needs shows weak market understanding. In exams, consider customer diversity.

Tags

market segmentationcustomer diversityservice design

Frequently asked questions

What is the correct answer to this question?

Lack of market segmentation

Why is this the correct answer?

Not designing service for different needs shows weak market understanding. In exams, consider customer diversity.

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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