Before Any New Start-Up Decides to Offer a Product, Their

question 102

Multiple Choice

Before any new start-up decides to offer a product, their first task is to address a gap in the market. This is often done by discovering consumer:

• A)diversity.
• B)needs.
• C)ability to pay.
• D)objectives.

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Definitions:

Condemnation

The legal process by which a transfer of property is made against the protest of the property owner.

City of Maroa

A municipality located in Illinois, known for its local governance and community services.

Zoning

The process in which government places restrictions on the use of property to allow for the orderly growth and development of a community and to protect the health, safety, and welfare of its citizens.

Government Restriction

Regulated controls or limitations imposed by governmental entities on activities, operations, or behaviors.