ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Studying market trends
A
Discovery
B
Resourcing
C
Actualization
D
Concept Development
Explanation: 

Detailed explanation-1: -There are three main types of trends: short-, intermediate-and long-term. A trend is a general direction the market is taking during a specified period of time. Trends can be both upward and downward, relating to bullish and bearish markets, respectively.

Detailed explanation-2: -Trend analysis is a method to analyze the statistical data and recorded market behavior over a defined period of time and generate valuable insights using this data for strategizing and forecasting future business plans. It helps to identify the dominant traits of the market and the consumers associated with it.

There is 1 question to complete.