You are an entrepreneur and you want to start a new venture by offering luxury items such as expensive leather bags for female customers. Your customers will be an essential part of the process and you will take their inputs before designing products. You believe this strategy will help you to stand out in the market as ‘you aim to produce what your customers desire’. Now as the business owner if you are asked to choose a process for manufacturing the products, which process would you choose and why?
You are an entrepreneur and you want to start a new venture by offering luxury items such as expensive leather bags for female customers. Your customers will be an essential part of the process and you will take their inputs before designing products. You believe this strategy will help you to stand out in the market as ‘you aim to produce what your customers desire’. Now as the business owner if you are asked to choose a process for manufacturing the products, which process would you choose and why?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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You are an entrepreneur and you want to start a new venture by offering luxury items such as expensive leather bags for female customers. Your customers will be an essential part of the process and you will take their inputs before designing products. You believe this strategy will help you to stand out in the market as ‘you aim to produce what your customers desire’. Now as the business owner if you are asked to choose a process for manufacturing the products, which process would you choose and why?
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