INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business might take an existing product and alter it to fulfill a specific need which different benefactor?
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Medium
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Product mix
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Utility
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Target market
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Explanation:
Detailed explanation-1: -What are ways to alter a product to create a new business idea? Make it less expensively. Combine it with another product. Adapt it to a new market.
Detailed explanation-2: -Social Entrepreneurship-This type of entrepreneurship focuses on producing product and services that resolve social needs and problems. Their only motto and goal is to work for society and not make any profits.
Detailed explanation-3: -Industrial Entrepreneur: Industrial entrepreneur is essentially a manufacturer, who identifies the potential needs of customers and tailors a product or service to meet the marketing needs.
There is 1 question to complete.