When an entrepreneur understands who his customers are, he can assess _____:
A) what compels them to make purchases.
B) how his company can sell to them.
C) the cost of sales.
D) how his company can retain customers.
E) All of the above.

Question

Quizplus · Accepted Answer

Understanding who the customers are enables an entrepreneur to assess what compels them to make purchases, how his company can sell to them, the cost of sales, and how his company can retain customers. This comprehensive understanding is crucial for tailoring marketing strategies, sales approaches, pricing models, and customer retention plans.

When an Entrepreneur Understands Who His Customers Are, He Can