INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the first factor that a business should consider when it is deciding if it should sell a product?
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Promotional strategy
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Taxation rate
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Storage space
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Market demand
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Explanation:
Detailed explanation-1: -A careful analysis of these four factors-product, price, place, and promotion-helps a marketing professional devise a strategy that successfully introduces or reintroduces a product to the public.
Detailed explanation-2: -Timing. Price. Packaging. Your new product’s name. Promotion. Know your target market. Know your competition. Test your new product repeatedly. More items •21-Feb-2023
Detailed explanation-3: -Economic Factors: Social and Cultural Factors: Political and Legal Factors: Market Attractiveness: Capability of the Company:
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