Question
Which question should an entrepreneur ask during a market research?
A.
Is there a business plan for a new product?
B.
Is the product inexpensive or affordable for consumers?
C.
Was sufficient market analysis conducted?
D.
Is there a need for a product among consumers?
A.
Is there a business plan for a new product?
B.
Is the product inexpensive or affordable for consumers?
C.
Was sufficient market analysis conducted?
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 for market research as it helps the entrepreneur understand whether there is demand for the product, which is fundamental to the potential success of any business venture.
This question is crucial for market research as it helps the entrepreneur understand whether there is demand for the product, which is fundamental to the potential success of any business venture.