INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an object or thing
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a concept or idea
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a service
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all of the above
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Detailed explanation-1: -A product is any item or service you sell to serve a customer’s need or want. They can be physical or virtual. Physical products include durable goods (like cars, furniture, and computers) and nondurable goods (like food and beverages).
Detailed explanation-2: -Products are broadly classified into two categories – consumer products and industrial products.
Detailed explanation-3: -Consumer products. A consumer product is a finished product available for sale to a customer. Industrial products. Businesses usually purchase an industrial product to make other products or to help them with running their business. Service products. 02-Jun-2022
Detailed explanation-4: -Convenience Goods. Shopping Goods. Specialty Goods. Unsought Goods. 23-Mar-2023