If an entrepreneur takes opinions from a customer group before launching a new product, what does it indicate?
Answer and explanation
Correct answer: Market-oriented planning
Taking customer opinions helps understand product usefulness. Exam tip: treat market-oriented planning as a safe step.
Frequently asked questions
What is the correct answer to this question?
Market-oriented planning
Why is this the correct answer?
Taking customer opinions helps understand product usefulness. Exam tip: treat market-oriented planning as a safe step.
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.