Three Commonly Utilized Methods for Determining Product/service Demand Are ________

question 67

Multiple Choice

Three commonly utilized methods for determining product/service demand are ________.

• A) assessing the overall financial attractiveness of the proposed venture, talking face-to-face with potential customers, and assessing industry attractiveness
• B) analyzing the financial performance of other businesses, talking face-to-face with potential customers, and assessing target market attractiveness
• C) assessing target market attractiveness; utilizing online tools, such as Google AdWords and landing pages; and calculating total startup cash needed
• D) assessing industry attractiveness; library, Internet and gumshoe research; and talking face-to-face with friends and family
• E) talking face-to-face with potential customers; utilizing online tools, such as Google AdWords and landing pages; and library, Internet and gumshoe research

---

Definitions:

Customers

Individuals or entities that purchase goods or services produced by a business.

Consumer Groups

Organizations or collectives that advocate for the rights and interests of consumers, often focusing on issues like product safety, quality, and fair pricing.

Goods

Tangible commodities or products that are produced, bought, and sold to satisfy wants or needs.

Environmental Uncertainty

The degree of unpredictability and complexity in an organization's external environment, influencing strategic planning and decision-making.