39.5k views
15 votes
Recognizing the need develop an idea or a product that can satisfy a need,and respond to the need by establishing a business action

User YellowB
by
8.6k points

1 Answer

5 votes

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

Step-by-step 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.

User BehRouz
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.