Question

Once a firm is able to identify the market and is able to design products or services to meet its needs, the next step is to determine if the market size is ______.

Answer 1

Answer:

The correct answer is SUBSTANTIAL

Explanation:

The next step after an organization is capable of recognizing the market and is also capable of designing the product or services so that the needs of the customers are fulfilled, is to recognize whether the size of the market is Substantial.

Marketing plays a crucial role in an organization to compete with the competition in the market. It becomes essential to recognize all the aspects that are significant and can affect the profitability of firm.