Business High School

State any five reasons why an entrepreneur may carryout Market survey​

Answers

Answer 1

Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it... Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

Related Questions

Select the correct answer.
Which of the following is a one of the steps of the Sale Management by Objective (SMBO) approach?

A. setting coordinated goals for salespeople
B. following up with customers
C. differentiating products from competitors
D. ceasing communication with customers that do not pay
E. ignoring unwanted customers

Answers

Answer:

A) Setting coorinated goals for salesperson

Explanation:

correct me if Im wrong.

Answer:

A

Explanation:

OK YALL IM AT STARBUCKS WHAT YALL WANT ;D

Answers

Frappuccino please i crave caffeine
Grande Carmel frappe with extra whip cream and extra caramel drizzle with 2% milk

let just start ignoring celebrities and see what happens

Answers

Answer:

alr bet

Explanation:

Question 9 of 10
Stiviko's approved work plan included 4 technicians to create 200 web pages
over 5 days. What was the unit metric for the production work?
O A. 10 pages per technician per day
B, 40 pages per technician per day
C. 20 pages per technician per day
D. 400 web pages per week
SUBMIT
PREVIOUS

Answers

Answer:

A.

Explanation:

they make 40 a day because 200 / 5 = 40

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