ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The trading area where you want to set up a business should be carefully analyzed and evaluated.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -It can help you decide whether a new idea for a business or product will fly – that is, if customers will find it appealing – based on how similar products have performed in the marketplace. It can help you make wise product packaging and promotional decisions, as well as effective marketing messages.
Detailed explanation-2: -Market Size. Relationships. Ability to Manage Cash Flow. Management Skillsets. Passion and Persistence. 17-Jan-2022
There is 1 question to complete.