ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business wants to find out information about its rivals, such as products sold and prices charged. This is an example of market research being used to find out about:
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Competitors
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Demand
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Target market
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Customers
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Explanation:
Detailed explanation-1: -A competitor SWOT analysis is simply a way to assess your competitor’s Strengths, Weaknesses, Opportunities and Threats so that you can better understand their business and, in turn, your own.
Detailed explanation-2: -Identify a need in the industry and satisfy it with a product or service. Improve on existing products or services. Highlight your differences. Clarify your brand and message. Focus on the needs of your customers. Focus on the needs of your employees. Do not focus on your competitors. More items •12-May-2020
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