If an entrepreneur makes a product only on personal preference and ignores the market, what mistake occurs?
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Answer and explanation
Correct answer: Ignoring market need
A product can fail without understanding market need. Exam tip: link market need with product planning.
Frequently asked questions
What is the correct answer to this question?
Ignoring market need
Why is this the correct answer?
A product can fail without understanding market need. Exam tip: link market need with product 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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