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Before launching a new product, an entrepreneur studies competitors’ prices, quality, and services. What is the main purpose of this activity?

Answer and explanation

Correct answer: अलग और उपयोगी मूल्य प्रस्ताव विकसित करना

Competitor analysis shows what other businesses offer, how they serve customers, and where gaps may exist. The entrepreneur can use this information to design a distinct value proposition, such as better quality, convenience, service, or a suitable price. The purpose is not to copy every feature. Options C and D move away from the purpose of market analysis.

Related tags

Competitor-AnalysisValue-PropositionMarket-ResearchIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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