In which situation is an entrepreneur's market understanding most visible?
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Answer and explanation
Correct answer: Deciding product by studying customer demand competition and price
Market understanding includes studying demand competition and price. Exam tip: link market study with planning.
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What is the correct answer to this question?
Deciding product by studying customer demand competition and price
Why is this the correct answer?
Market understanding includes studying demand competition and price. Exam tip: link market study with 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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