ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the purposes of conducting a market analysis is to develop which component?
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Operating Budget
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Distribution plan
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Customer Profile
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Management team
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Explanation:
Detailed explanation-1: -There are three elements to customer analysis: (1) identify your customers, (2) define their needs, and (3) show how your product or service meets those needs.
Detailed explanation-2: -A careful analysis of these four factors-product, price, place, and promotion-helps a marketing professional devise a strategy that successfully introduces or reintroduces a product to the public.
There is 1 question to complete.