When Conducting Research on a New Entry

question 53

Multiple Choice

When conducting research on a new entry: 

• A) the more information the entrepreneur has, the more difficult it is to focus on the consumer.
• B) the entrepreneur must rely upon surveys more that market knowledge.
• C) extensive research is expensive in terms of time and money.
• D) lesser prior knowledge is advantageous since it minimizes the risk of entrepreneurial bias.

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Definitions:

User Account Control

A security feature in Microsoft Windows that prevents unauthorized changes to the operating system by prompting for administrative permissions.

Notifies

A system or an application functionality that alerts users about updates, messages, or other significant events through visual, auditory, or other means.

Control Panel

A component of an operating system that allows users to modify system settings and control hardware functions.

Left Pane

A vertical section on the left side of an application window or interface, typically containing navigation options, tools, or information hierarchies.