1.

An entrepreneur identifies problems as roadblocks. They understand that they need to bring problem, identify the target group and find an acceptable solution. Justify as to how identifying a problem will help an entrepreneur.

Answer»

Uses of problem Identification: 

1. It helps an entrepreneur to bring out new products in the market 

2. Understand the problems and needs of the market 

3. Helps the entrepreneur to be creative 

4. Increase in employment generation 

5. Increase in national income of the country



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