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An entrepreneur enters the market first but offers poor quality. Later a competitor arrives with better quality. What is the most likely result?

Answer and explanation

Correct answer: ग्राहक बेहतर मूल्य देने वाले प्रतियोगी की ओर जा सकते हैं

Being first can provide awareness or early relationships, but it is not a permanent advantage. Customers compare quality, price, reliability and service. If a later competitor offers better overall value, customers may switch, especially when changing providers is easy. Sustained advantage requires continuous attention to customer value, not merely early entry.

Related tags

CompetitionCustomer-ValueIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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