Question:
What is the role of demand in Entrepreneurship?
What is the role of demand in Entrepreneurship?
Updated On: Dec 14, 2024
Hide Solution
Verified By Collegedunia
Solution and Explanation
Demand plays a critical role in entrepreneurship as it determines the market potential for a product or service. Entrepreneurs identify and analyze customer needs and preferences to develop offerings that fulfill those demands, ensuring business growth and success.
Was this answer helpful?
0
0
Questions Asked in CBSE X exam
- Explain the classification of food according to the length of time of storage.
- CBSE Class X - 2024
- Food Products
- Enlist the types of Plant Nursery
- CBSE Class X - 2024
- Nursery Technique
- Explain the modern methods of irrigation. (any one)
- CBSE Class X - 2024
- Irrigation & Water Conservation Methods
- State the difference between AC and DC. (Support your answer with a diagram.)
- CBSE Class X - 2024
- Introduction to Electrical Techniques and Practices
- What are the common factors which affect our health? (any two)
- CBSE Class X - 2024
- Health and Hygiene
View More Questions