Question
Which question should an entrepreneur ask during market research?
A.
Was sufficient market analysis conducted?
B.
Is the product inexpensive or affordable for consumers?
C.
Is there a business plan for a new product?
D.
Is there a need for a product among consumers?
A.
Was sufficient market analysis conducted?
B.
Is the product inexpensive or affordable for consumers?
C.
Is there a business plan for a new product?
D.
Is there a need for a product among consumers?
Answers
Answered by
GPT-4o mini
D. Is there a need for a product among consumers?
This question is crucial during market research as it helps the entrepreneur understand if there is demand for the product and if it solves a problem or fulfills a need in the target market.
This question is crucial during market research as it helps the entrepreneur understand if there is demand for the product and if it solves a problem or fulfills a need in the target market.