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

If an entrepreneur starts a business after noticing a problem but does not check customer paying capacity, which analysis is incomplete?

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Answer and explanation

Correct answer: Market feasibility

Along with the problem, customer paying capacity is part of market feasibility. In exams, check both need and payment.

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market feasibilitycustomer capacityentrepreneurship

Frequently asked questions

What is the correct answer to this question?

Market feasibility

Why is this the correct answer?

Along with the problem, customer paying capacity is part of market feasibility. In exams, check both need and payment.

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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