ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When investigating trends, it is important to look at current and global trends.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Analysing the trends across your customers and sales will help you decide how to manage customer service and how efficient your salespeople are. Downward sales trends could indicate an issue with quality, pricing, competition and changing customer preferences.

Detailed explanation-2: -Key considerations here are the accuracy and completeness of the data, the frequency of data collection and having the data in an easily accessible and usable format. It is also important to have something to compare against.

Detailed explanation-3: -Staying informed on trends is important to help you build credibility and value and to show that you know where your field is heading in the future. Successful people spend time every day keeping up with the latest news and developments in their field, so make time in your day for these strategies.

Detailed explanation-4: -How to Determine Market Trends Using Keyword Research. Polling the Audience as a Trend Analysis Method. Keeping Up With Industry Trend Blogs. Using Competitor Analysis to Discover Your Brand’s Uniqueness. Trend Analysis With Ease. 29-Sept-2020

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