Recognizing the need develop an idea or a product that can satisfy a need,and respond to the need by establishing a business action

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04-01-2021
Business

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Recognizing the need develop an idea or a product that can satisfy a need,and respond to the need by establishing a business action

Sagot :

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stanfordgoddy stanfordgoddy · Answer 1 · 2021-01-08T05:26:12-05:00

Hi, you've asked an incomplete question. However, I inferred you meant knowing the term that describes this statement.

Explanation:

Problem definition is a term used in entrepreneurship when one (the entrepreneur) recognizes the need to develop an idea or a product that solves a problem (a need).

After establishing a business action that solves the identified problem, the entrepreneur begins to profer his solution to those with the identified need.

Recognizing the need develop an idea or a product that can satisfy a need,and respond to the need by establishing a business action

Sagot :

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