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Dahasolnce [82]
3 years ago
13

State any five reasons why an entrepreneur may carryout Market survey.​

Business
2 answers:
Shtirlitz [24]3 years ago
8 0

Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

swat323 years ago
6 0

Answer:

to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

Explanation:

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Rising of inflation rate is under which PESTLE element​
Inessa [10]

Answer:

Rising inflation rate is under Economic element of PESTLE.

Explanation:

The elements of PESTLE include Political, Economic, Sociological, Technological, Legal, and Environmental factors.  PESTLE analysis is used to analyze and monitor macro-environmental factors which can impact the survival and success of a business entity.  After the analysis, the organization is able to identify the opportunities and threats facing it from the external environment.

4 0
3 years ago
There is an 80/20 rule in sales that ___ eighty percent of a company’s sales come from twenty percent of their customers. Theref
Mnenie [13.5K]

Answer:

The correct word for the blank space is: states.

Explanation:

Italian economist Vilfredo Pareto (<em>1848-1923</em>) proposed the 80/20 rule in which he explains 80% of the effects of anything are the result of 20% of the causes of something. When applied to the sales world, it implies 80% of an individual sales come from only 20% of the individual's customers.

5 0
3 years ago
Ahmad bought a desktop computer and a laptop computer. Before finance charges, the laptop cost less than the desktop. He paid fo
deff fn [24]

Answer:

cost of laptop = $1,800

cost of desktop = $2,100

Explanation:

From the question above, we can see that the laptop costs $300 less than the desktop, therefore, we say:

let x represent the cost of the laptop ;

then x+300 will be the cost of the desktop .

We can also see that the total finance charge of $252 is equal to 7% of the cost of the laptop and 6% of the cost of the desktop, we solve as follows:

252 = 0.07(x) + 0.06(x + 300)

252 = 0.07x + 0.06x + 18

252 - 18 = 0.13x

234 = 0.13x

x = 234/0.13

x = 1,800

Recall that:

cost of desktop = x + 300

therefore:

1,800 + 300 = 2,100.

cost of laptop = $1,800

cost of desktop = $2,100

6 0
3 years ago
Read 2 more answers
Which of these people is most likely a freelancer?
marshall27 [118]
A. Zoey is likely a freelancer
6 0
3 years ago
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A T-bill quote sheet has 60-day T-bill quotes with a 4.95 ask and a 4.89 bid. If the bill has a $10,000 face value, an investor
In-s [12.5K]

Answer:The correct answer is a). $9,918.50

Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.

That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50

3 0
3 years ago
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