The two ways that entrepreneurs assess the likely product demands for a product are through analyzing market research and historical data.
Who are Entrepreneurs?
An entrepreneur is a person who makes the decision of starting their own business based on the innovation of an idea or a product they have invented, taking on most of the risks and receiving the majority of the gains.
The two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing is through:
- Market research, and
- Historical data
Learn more about entrepreneurs here:
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Answer:
Organizations and managers should pay close attention to fair employment practice so as to reduce the level of incompetent staffs at work.
Explanation:
Answer:
Full employment
Explanation:
Full employment is used to describe an economic situation where all available labor resources are used efficiently. In full employment, the highest number possible of both skilled and unskilled workforce is employed.
Full employment is an ideal situation where everyone seeking employment will find a job. Under this condition, the rate of unemployment is zero. For an economy to achieve full employment, it must be producing at its full potential. Full employment is a hypothetical situation that is difficult to achieve practically. A business cycle that occurs naturally is among the reasons for not attaining full employment.
With their flooring business now eight months old, Jesse and Ed readily admit that raising capital has been both a pro and a con in their partnership.
I think this is the correct answer because they will raise their capital and make sure that they will gain from it.