Question

Discuss why it may be important for an entrepreneur to focus on the solution of a consumer problem rather than on a description of the product.

Answer 1

Answer-It is important for an entrepreneur to focus on the solution of a consumer problem rather than on a description of the product because a consumer is a person who is actually consuming the goods and services provided by the entrepreneurs in the economy and if there is any problem arises by the consumer's side for any reason than entrepreneur need to fix it as soon as possible because the description of the product is only explaining the product information, not the result of product usage, a bad compliment from consumer side can hurt the business in the long term period of time, that's why an entrepreneur should focus on the solution of a consumer problem rather than on a description of the product.