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 of the following is a way that business can determine if a product will fulfill its target market’s needs:
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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: -Conduct market research to determine whether her business idea is a business opportunity that its a consumer need or want.
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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