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

What is the main purpose of market study in entrepreneurship?

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Answer and explanation

Correct answer: Understanding customer need and demand

Market study helps an entrepreneur choose the right product and customers. In exams, keep demand and customer at the centre.

Tags

market studycustomer demandbusiness planning

Frequently asked questions

What is the correct answer to this question?

Understanding customer need and demand

Why is this the correct answer?

Market study helps an entrepreneur choose the right product and customers. In exams, keep demand and customer at the centre.

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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