INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.
Detailed explanation-2: -Customer needs are the psychological and physical motivations that make someone want to purchase a product or service and stay loyal to that business. For example, customers today need quick and convenient ways to reach support online.
Detailed explanation-3: -Without the customer, you don’t see any sales. As a result, they are a critical factor when developing your marketing messaging and strategy. If you fail to take the customers’ views into account in your marketing, it’s likely your campaigns will not be successful.
Detailed explanation-4: -#1 Amazon: Self-service is the first step to serving customers. #2 Chick-fil-A: Appreciate customers to improve customer satisfaction. #3 The Ritz-Carlton: Technology makes it easier to adapt to customer needs. #4 Freshworks: Investing in customer relationships improves customer lifecycle. More items •19-Apr-2023