ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is a way to understand the industry’s ability to support new growth.
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Market forecasting
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Market expansion
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Market research
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Carrying capacity
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Explanation:
Detailed explanation-1: -Which refers to a way to understand the industry’s ability to support new growth? industrial markets.
Detailed explanation-2: -A business plan is likely to describe the business and industry, market strategies, sales potential, and competitive analysis, as well as the company’s long-term goals and objectives.
Detailed explanation-3: -A target market is a specific group of people with shared characteristics that a business markets its products or services to. Companies use target markets to thoroughly understand their potential customers and craft marketing strategies that help them meet their business and marketing objectives.
There is 1 question to complete.