ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Potential customers in a market can include people or businesses.
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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: -A MARKET is a group of potential customers-people or businesses-who are willing to buy a particular product or service. Market research can help u decide to start a new business.
Detailed explanation-2: -Potential customers are identified by criteria such as age, race, religion, gender, income level, family size, occupation, education level and marital status.
Detailed explanation-3: -Identifying potential customers allows marketers to address every group of customer-specific needs in a targeted manner. In a nutshell, following a step-wise and structured approach to identify your market helps you reach out to the right audience and thus, effectively increases your marketing productivity.
There is 1 question to complete.