Many entrepreneurs are successful through marketing efforts designed to
A) mimic existing products on the market.
B) satisfy unfilled needs.
C) raise social consciousness.
D) gain monopoly power.
E) push a new technology even if people aren't ready for it.

Question

Quizplus · Accepted Answer

Successful entrepreneurs often identify a gap in the market and develop products or services that satisfy unfilled needs. This allows them to differentiate themselves from competitors and create a unique value proposition that resonates with customers. Mimicking existing products may not be a sustainable strategy, and pushing a new technology before the market is ready can be risky. Raising social consciousness may be a goal for some entrepreneurs, but it may not necessarily lead to business success. Gaining monopoly power is often illegal and unethical, and can ultimately harm the entrepreneur's reputation and bottom line.

Many Entrepreneurs Are Successful Through Marketing Efforts Designed to