Cautions that should be acknowledged by entrepreneurs is that it may be difficult to:

Question

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All of the above cautions should be acknowledged by entrepreneurs. Predicting consumer preferences can be challenging, as it requires understanding complex factors like changing trends, societal values, and evolving technology. Additionally, pricing innovative products/services can be difficult since there may not be established market benchmarks or competitors to compare to. Finally, building sufficient capacity can be a challenge, especially for startups that lack resources and established infrastructure.

Cautions That Should Be Acknowledged by Entrepreneurs Is That It