BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A statement of the target market
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The size of each market segment.
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The key characteristics of buyers in each business segment
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All the above.
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Detailed explanation-1: -You should include each competitor’s name and location along with the products they offer, sales volume, market share, pricing information, marketing strategy, and other details of their business.
Detailed explanation-2: -Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth. Market competition motivates companies to increase sales volume by utilizing the four components of the marketing mix, also referred to as the four P’s.
Detailed explanation-3: -Answer: Option D : the key characteristics of buyers in each business segment .
Detailed explanation-4: -The four most important sections of a business plan include your unique value proposition, details about your management team, your market analysis and your financial projections.