ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The entrepreneur should never sell a product to a customer if that product will not meet the customer’s needs.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -1. Entrepreneurship is not buying and selling. Buying and selling is not entrepreneurship, it is trade. Buying products from suppliers and selling them to customers for profit doesn’t make you an entrepreneur, it makes you a merchant.
Detailed explanation-2: -Understanding your customers helps you to sell more. The more you know about them and their needs, the easier it is to identify opportunities to sell them new products and target them with appropriate offers. Profiling existing customers also makes it easier to find new ones.
Detailed explanation-3: -Surveys. Feedback boxes. User activity. Usability tests. Reach out directly (through emails)
There is 1 question to complete.