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What can an entrepreneur do to understand customer preferences?

Answer and explanation

Correct answer: Conduct a survey

The governing concept is market understanding through customer research. An entrepreneur can ask customers structured questions in a survey, collect their opinions and examine the responses to learn about preferences, needs and possible improvements. Option A is correct because a survey produces relevant information for planning products and services. Ignoring customers, stopping production or deciding without evidence does not reveal what the market wants.

Related tags

Customer-ResearchMarket-SurveyCustomer-PreferencesEntrepreneurshipMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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