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An entrepreneur tries to provide a different product to every customer, causing costs to rise sharply. Which balanced solution is appropriate?

Answer and explanation

Correct answer: Group customers with similar needs and offer limited options

Segmenting customers with similar needs allows the business to offer a few standardised variants instead of designing every item from zero. This preserves meaningful choice while controlling production, inventory, and service costs. Completely removing customisation may reduce value, while unlimited customisation is financially unsafe. Hence B is balanced.

Related tags

CustomisationSegmentationIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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