If an entrepreneur makes products only based on personal taste and ignores customer preference, what is lacking?
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Answer and explanation
Correct answer: Customer and market-oriented thinking
Understanding customer preference is necessary in business. In exams, separate personal taste from market demand.
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What is the correct answer to this question?
Customer and market-oriented thinking
Why is this the correct answer?
Understanding customer preference is necessary in business. In exams, separate personal taste from market demand.
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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