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An entrepreneur creates several solutions to a customer problem. What is the most rational method for selecting the best one?

Answer and explanation

Correct answer: Compare customer value, cost, feasibility and risk

The correct option evaluates customer value, cost, feasibility of implementation, and possible risk together. A solution is not automatically the best simply because it is new or expensive, and implementing the first idea without comparison can be risky. Exam tip: In entrepreneurship questions, prefer decisions that consider both customer needs and practical business constraints.

Related tags

EntrepreneurshipSolution SelectionCustomer ValueFeasibilityRisk AssessmentCost AnalysisIntroduction To EntrepreneurshipEntrepreneurial Skills I

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