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BT
Question Practice

Why is it important for an entrepreneur to understand their market before starting a business?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Business, Trade and Commerce
Question Bank

Why is it important for an ent...

Single Answer MCQ
Q-00064365

Why is it important for an entrepreneur to understand their market before starting a business?

1

To choose a popular name for the business

2

To predict personal profit margins

3

To tailor products and services to consumer needs

4

To increase employee salaries

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