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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Which is a way that a business can determine if a product will fulfill the needs of a target market?
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Observe workers
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Distribute promotional materials
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Ask the customers
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Develop a prospect list
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Explanation:
Detailed explanation-1: -Analyze your offerings. Ask yourself what problems your products and services solve, and, in turn, to whom they appeal. Conduct market research. Create customer profiles and market segments. Assess the competition.
Detailed explanation-2: -Understand the Jobs to Be Done Theory. A good starting place for identifying underserved needs is by examining the market through the lens of the jobs to be done framework. Be Introspective. Conduct Interviews. Identify and Examine Competitors. Be Ever-Observant. 11-Aug-2020
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