Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
32 views
asked in Entrepreneurship by (76.6k points)

An entrepreneur identifies problems as roadblocks. They understand that they need to bring problem, identify the target group and find an acceptable solution. Justify as to how identifying a problem will help an entrepreneur.

1 Answer

+1 vote
answered by (86.8k points)
selected by
 
Best answer

Uses of problem Identification: 

1. It helps an entrepreneur to bring out new products in the market 

2. Understand the problems and needs of the market 

3. Helps the entrepreneur to be creative 

4. Increase in employment generation 

5. Increase in national income of the country

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

Categories

...