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

Why should an entrepreneur study competition?

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Answer and explanation

Correct answer: To improve product service and price

Studying competition helps make better decisions in the market. In exams, link competitor study with strategy.

Tags

competitionmarket strategyentrepreneurship

Frequently asked questions

What is the correct answer to this question?

To improve product service and price

Why is this the correct answer?

Studying competition helps make better decisions in the market. In exams, link competitor study with strategy.

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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