ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What must a company do to ensure any new idea is successful?
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Check it satisfies a customer need = market research
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Carry out a successful launch of the product/service
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A market analysis can help you identify how to better position your business to be competitive and serve your customers. A market analysis is a thorough assessment of a market within a specific industry.
Detailed explanation-2: -online surveys. postal surveys. telephone surveys. face-to-face interviews. observation.
Detailed explanation-3: -Define your buyer persona. Identify a persona group to engage. Prepare research questions for your market research participants. List your primary competitors. Summarize your findings. 24-Feb-2022
There is 1 question to complete.