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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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When Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing conditio
Debora [2.8K]

Answer:

uncertainty

Explanation:

Uncertainty is the inability of a person to know the outcome of a decision or a line of action.

One does not have a certainty of how things will turn out in a given situation.

In the given instance where Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing a condition where she is not certain of the outcome of any alternative

7 0
3 years ago
Reasons for working for someone else​
AURORKA [14]

Answer:

because we love with them

6 0
3 years ago
Explain the importance of departmental income statement in an enterprise in which several separate departments function. Provide
abruzzese [7]

Answer with Explanation:

Following are the benefits of using departmental Income Statements:

  • Gives an understanding of where the company lacks efficiency
  • Helps in setting budgets and efficiency cuts so that the management of the department works hard to lower operational lead time and other efficiencies found in the operational activities. By setting the budgeted income statement for the department, the appraiser of the company performance is possible by using variance analysis method.
  • The Departmental Income Statement also helps in appraising performance of each department which helps identifying which department requires upper level management attention.
  • It is very useful when undergo financial analysis of departmental income statement which helps in identification of problematic areas, which are lowering profits and thus corrective actions can be taken to overcome these issues.
  • It helps in allocating of jointly shared costs of non production overheads like Accounts Department Costs, Audit Department Costs, Electricity bills, etc. This helps in better appraisal of departments and identification of appropriate basis. In the above case the appropriate basis would be Income balances for accounts department, Income Balances For audit department cost and electricity units consumption of each department.

The above benefits makes the department income statements important for the managerial use.

4 0
4 years ago
________ is the amount of data that can be transmitted across a transmission medium measured in bits per second.
galben [10]

Answer- Bandwidth

Explanation:

i looked up ur question so im not sure if its correct

7 0
3 years ago
How does the agile manifesto address planning?
s2008m [1.1K]
Agile manifesto employed the idea that responding to change is more important than following a plan. Agile manifesto consider planning an expensive commodity which must be avoided. It makes allowances for change by not planing because it believe that change improves a project and add additional value.
6 0
4 years ago
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