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

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Definitions:

Brainstorming Sessions

Interactive meetings where participants generate creative ideas and solutions in a collaborative environment.

Project Manager

A professional responsible for planning, executing, and closing projects, overseeing the project team, timeline, resources, and deliverables.

High-performance Work Systems

A set of management practices designed to create an environment where employees can effectively utilize their skills and abilities to achieve high levels of performance.

Social System

An organized and interdependent set of roles, norms, and processes that people use to interact and cooperate within a society or a specific group.