ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following questions is market research not likely to find an answer to?
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Would consumers be likely to buy my product?
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Which method of production should I use?
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What price would consumers be likely to pay?
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Which businesses will be the main competitors?
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Explanation:
Detailed explanation-1: -How does our product compare to the competition based on the features? What products do our competitors offer? What new features do customers want to see in our products? Do we have a product roadmap to deliver these updates?
Detailed explanation-2: -Four common types of market research techniques include surveys, interviews, focus groups, and customer observation.
Detailed explanation-3: -Demographic questions e.g. How old are you? How likely are you to recommend us to a friend? Did you consider any of our competitors? What do you wish our product could do? How would you rate your most recent experience with us? How long have you been a customer? More items
There is 1 question to complete.