Question
Leo is thinking about opening a greeting card store on the main street in his small town. In addition to thinking about the business's feasibility should Leo prioritize during his initial research?
A. skills, abilities
B. laws, codes
C. trends, competitors
D. resources, labor
A. skills, abilities
B. laws, codes
C. trends, competitors
D. resources, labor
Answers
GPT-4o mini
C. trends, competitors
In addition to assessing the overall feasibility of the greeting card store, understanding market trends and analyzing competitors in the area can provide valuable insights into customer preferences, pricing strategies, and potential challenges. This information will help Leo position his business effectively and identify unique selling propositions.
In addition to assessing the overall feasibility of the greeting card store, understanding market trends and analyzing competitors in the area can provide valuable insights into customer preferences, pricing strategies, and potential challenges. This information will help Leo position his business effectively and identify unique selling propositions.