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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity5 Marks
Question
Explain any four important aspects to be considered while doing market assessment by an entrepreneur.
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Answer

Four important aspects to be considered while doing market assessment by an entrepreneur:
  1. Demand.
  2. Supply and nature of competition.
  3. Cost and price of products.
  4. Project innovation and changes.

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