What is perhaps the best way for entrepreneurs to break into entrenched markets?
A) Be the low cost provider
B) Use business model innovation
C) Go head-to-head with the market leader
D) None of the above

Question

Quizplus · Accepted Answer

Trying to become the low-cost provider or going head-to-head with an established market leader can be difficult and risky for a new entrepreneur. Therefore, it is best to use business model innovation as a way to break into the entrenched market. This means finding a new and innovative way to provide a product or service that adds value for consumers and sets the entrepreneur apart from existing competitors. It also means being agile and adaptable to changing market conditions and consumer demands.

What Is Perhaps the Best Way for Entrepreneurs to Break