The entrepreneur should profile the potential customers for the new business. This means that the entrepreneur should determine (to the degree possible) the typical customers:

BUSINESS PLANNING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The entrepreneur should profile the potential customers for the new business. This means that the entrepreneur should determine (to the degree possible) the typical customer’s:

A	age & gender
B	income level
C	education level
D	all of these are correct

Explanation:

Detailed explanation-1: -When developing your market strategy, it’s important that you understand all the potential factors that contribute to your market. These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.

Detailed explanation-2: -How can an entrepreneur learn about and understand the industry related to their idea for a new business? Take a class or course related to the industry. Read books and journals about the industry. Interview people who currently work in the industry.

Detailed explanation-3: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

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BUSINESS PLANNING