What Question Should You Ask When Determining the Market Potential

question 23

Multiple Choice

What question should you ask when determining the market potential of the product?

• A) Who will pay to produce the product?
• B) What will production costs be?
• C) What type of product should be produced?
• D) What are the needs of the client?

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Definitions:

Commission

A fee or percentage of a sale paid to an employee or agent for facilitating or completing a sale.

Semiannually

Happening semiannually; every six months.

360-Day Year

An accounting concept that simplifies interest calculations by using thirty-day months across a full year.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the sale.