ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market research should be done before and after starting a new business.
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T
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F
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -START EARLY On smaller, routine acquisitions, begin market research during the presolicitation phase when requirements are being developed and refined. Starting early helps to ensure that the user defines and documents the requirements appropriately.
Detailed explanation-2: -Pick the right market research methods. Identify what you need to know. Find your ideal market. Get to know your target audience. Analyse your key competitors – direct and indirect. Be prepared to make big, but well-informed decisions. 27-Aug-2021
There is 1 question to complete.