As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do

Question

solong [7]

3 years ago

12

As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do

ing the owner's _________.

Business

1 answer:

Vera_Pavlovna [14] · Answer 1 · 2022-01-10T09:29:53+03:00

Answer:

due diligence

Explanation:

Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.

Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.