he market forecast for beauty products is to go from $22.1 billion a year in 2017 to $28.7 billion by 2020. Why is that useful information for an entrepreneur looking to market a beauty-related business?

(1 point)
Responses

It suggests that there will be a lot of room for new businesses.

It suggests that there will be a lot of room for new businesses.

It guarantees that any beauty-related business will do really well.

It guarantees that any beauty-related business will do really well.

It indicates that beauty products for men will see exponential growth.

It indicates that beauty products for men will see exponential growth.

It means that the government feels consumers should spend more on beauty products.

1 answer

The most useful interpretation of the market forecast for an entrepreneur looking to market a beauty-related business is:

It suggests that there will be a lot of room for new businesses.

This insight provides valuable context for potential growth and opportunity in the beauty market, indicating that there is demand to accommodate new entrants.