ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is an example of information you would find in researching the wants and needs of potential customers for a food-service business?
A
Pink is a popular color among adolescent girls
B
People like their cats and feed them expensive foods
C
Most people don’t like to go to the grocery store
D
1 in 133 people suffer from Celiac Disease and need to eat gluten free foods
Explanation: 

Detailed explanation-1: -Knowing and understanding customer needs is at the centre of every successful business, whether it sells directly to individuals or other businesses. Once you have this knowledge, you can use it to persuade potential and existing customers that buying from you is in their best interests.

Detailed explanation-2: -4. What is important for entrepreneurs with home-based businesses to remember? . You need to work hard to build your business and make it successful.

Detailed explanation-3: -Company reports and published accounts .

Detailed explanation-4: -Federal Government Data Sources. Industry Associations. Consulting Firms. Libraries. 28-Nov-2017

There is 1 question to complete.