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If someone says that a new business cannot succeed when competition exists then what is the correct response?

Answer and explanation

Correct answer: Success is possible through distinct quality service or value proposition

A venture can create an opportunity among competitors by offering distinct customer value. Do not treat competition as a complete barrier.

Related tags

Competition-MythDifferentiationValue-PropositionMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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