why should an entrepreneur always keep improving his product service
Answers
An entrepreneur always keep improving his product service because today's business depends wholly on technology for its survival. This is particularly true in engineering, customer service and marketing.
Explanation:
- Entrepreneur must be open to new ideas and carry them out with no fear of failure. He will have to make use of trial and error and experiment with different concepts until the company succeeds.
- It encourages the consumer to develop the product or service, which allows the business to grow.
- Improving quality is one of the fastest ways to differentiate you from the market is to provide high-quality products to your consumers at the same price as your rivals.
Learn more about marketing
Marketing is wider term than selling explain
https://brainly.in/question/2299804
What is marketing? What functions does it perform in the process of exchange of goods and services? Explain.
https://brainly.in/question/9346863
Answer:
AN ENTERPENURUR SHOULD ALWAYS KEEP IMPROVING HIS/HER PRODUCT SERVICE AS BECAUSE THE SERVICE DEPENDS UPON ITS TECHNOLOGY TOTALLY AND THAT HOW MUCH QUALITY IT HAS FOR SATISFYING PEOPLE'S NEED. A CUSTOMER WILL BUY THE PRODUCT IF HE/SHE SEES SOME QUALITY IN PRODUCT AND IF THEY FEEL THAT THIS PRODUCT CAN SATISFY THIER NEED, ONLY THEN THEY WILL BUY . AND IF THERE WILL BE NO DEMAND OF A PRODUCT THEN THAT COMPANY WILL AUTOMATICALLY WILL FACE FINANCIAL PROBLEMS IF ITS PRODUCTS WILL NOT BE SALED. SO IT IS VERY IMPORTANT FOR A COMPANY OR A BUSINESS FOR IMPROVING THEIR PRODUCT...