Which of the Following Statements Is Least True About an Entrepreneurial

question 5

Multiple Choice

Which of the following statements is least true about an entrepreneurial situation?

• A) It is important to gather and analyze information from customers before launching a new product.
• B) Entrepreneurs are better off targeting established markets rather than new markets because it is difficult to predict the needs of new markets.
• C) Entrepreneurs can design products that will have high appeal to potential customers through conjoint analysis.
• D) Entrepreneurs assess customer preferences different when markets are new than when they were already established.
• E) None of the Above

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Definitions:

Empower Clients

The approach of giving clients the skills, resources, and confidence to take control of their own lives and decisions.

Basic Sources

Fundamental or primary materials and resources that provide essential information or evidence for research, study, or information gathering.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people around them.

Ongoing Process

A continuous and dynamic series of actions or operations that persist over time.