ENTREPRENEURSHIP

Detailed explanation-1: -Expert-Verified Answer. The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.

Detailed explanation-2: -Identifying a customer’s pain points is the first step for entrepreneurs in developing a new product. Julia Austin offers tips for choosing the right “job to be done.” As an entrepreneur, how confident are you that you fully understand your customer’s pain points or their job to be done?

Detailed explanation-3: -Exporting is the direct sale of goods and / or services in another country. It is possibly the best-known method of entering a foreign market, as well as the lowest risk.

Detailed explanation-4: -Innovative Entrepreneurs This type of an entrepreneur is more interested in introducing some new ideas into the market, organization or in the nation. They are drawn towards innovations and invest a lot of time and wealth in doing research and development.