Question

What would it mean for an entrepreneur if the market forecast for the kind of business that they wanted to start indicates that the market for that product or service was expected to decline?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AUnder no circumstances should someone start that kind of business.%0D%0A%0D%0AUnder no circumstances should someone start that kind of business.%0D%0A%0D%0ACompetition is likely to more intense than in some other businesses.%0D%0A%0D%0ACompetition is likely to more intense than in some other businesses.%0D%0A%0D%0AIt will be very difficult to find people with the skills required to sell that product.%0D%0A%0D%0AIt will be very difficult to find people with the skills required to sell that product.%0D%0A%0D%0AThat business is going to be more heavily regulated since growth is projected to slow.

Answer 1

If the market forecast for the business they wanted to start indicates that the market for that product or service was expected to decline, it would mean that starting that business would be risky and potentially not profitable. It could be difficult to attract customers and generate revenue in a shrinking market. Additionally, competition could be more intense as businesses fight for a shrinking pool of customers. It may also be challenging to find skilled employees to sell the product or service, as the demand for those skills may decrease with the market. Overall, it may not be advisable for an entrepreneur to start a business in a declining market.

Answer 2

which one is it bruh

Answer 3

Under no circumstances should someone start that kind of business.