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Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsMediumLevel 46

What does value creation mean in entrepreneurship?

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Answer and explanation

Correct answer: Providing a useful solution to a customer's problem

Value is created when the customer receives useful benefit. In exams, connect value with usefulness.

Tags

value creationcustomer problemusefulness

Frequently asked questions

What is the correct answer to this question?

Providing a useful solution to a customer's problem

Why is this the correct answer?

Value is created when the customer receives useful benefit. In exams, connect value with usefulness.

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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