BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The results of market research surveys and focus groups can be biased by many factors, such as mood and weather.
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T
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F
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -First, identify your competitors. This can be simple if there are one or two other companies that do what you do. Sometimes, it’s more complex. Work with your company leaders to identify where else customers go for the product or service you offer.
Detailed explanation-2: -Although you can choose to run your business as a sole proprietorship, partnership, corporation or limited liability company (LLC), in most cases the LLC will offer the most effective protection for both your personal assets outside the business and your investment in the business itself.
Detailed explanation-3: -feasibility analysis. this refers to a way to understand the industry’s ability to support new growth.
There is 1 question to complete.