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As a Small Business Consultant, You Recommend to Your Clients

question 113

Essay

As a small business consultant, you recommend to your clients that they use no-cost methods of observation to gather market research.Which of the following are you most likely to recommend your clients do?
informally interview existing and potential customers and ask them what they think
monitor competitors' media
expansively evaluate how many and what kind of customers the competition has
hire additional staff to observe extensively
socialize with suppliers


Definitions:

Hyperinflation

An extremely high and typically accelerating rate of inflation, leading to a rapid erosion of the real value of local currency and causing economic instability.

Money Supply

The money supply is the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Business Cycle

Periodic fluctuations in economic activity, such as growth and recession.

Recovery

A period of economic improvement following a recession or downturn.

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