Most successful entrepreneurial ventures target narrowly defined market segments at the outset.

Name: Most successful entrepreneurial ventures target narrowly defined market segments at the outset.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Focusing on narrowly defined market segments allows entrepreneurs to tailor their products or services more precisely to the specific needs, preferences, and behaviors of a particular group, increasing the likelihood of success by meeting market demand more effectively.

Most Successful Entrepreneurial Ventures Target Narrowly Defined Market Segments at the Outset