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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Market segmentation is a useful process for small businesses to undertake.
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Selling is essentially a matching process
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A benefit is the value of a product feature to a customer.
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It is a good idea for small businesses to compete solely on price.
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Detailed explanation-1: -It is a good idea for small businesses to complete solely on price, statement is false. Explanation: When you compete on price, you attract people who want to save every nickel and dime they possibly can. You’ll never be able to raise your prices again.
Detailed explanation-2: -Market segmentation is a useful process for small businesses to undertake. Selling is essentially a matching process. A benefit is the value of a product feature to a customer. It is a good idea for small businesses to compete solely on price.
Detailed explanation-3: -Answer and Explanation: The false statement is (C) Customer segmentation is often used to assess the financial potential of groups of customers.
Detailed explanation-4: -Expert Answer Ques 1:-Which of the following statement is false regarding segmentation system? Ans:-OPTION B: The segment table cannot be put into fast registers or main memory & it is contiguous memory allocation. This is because the paging and segmentation are…