Proving That a Profitable Market Exists Involves

question 71

Multiple Choice

Proving that a profitable market exists involves:

• A) proving that customers in the marketplace need or want the good or service and are willing to pay for it.
• B) documenting claims about market size and growth rates with as much factual information as possible.
• C) making claims such as "This market is so big that if we get just 1 percent of it, we'll be profitable within 6 months."
• D) A and B only

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Definitions:

Add Functionality

The process of incorporating new features or capabilities into a software application or device.

Operating Systems

The fundamental software that manages computer hardware and software resources, providing common services for computer programs.

Swapping

The process of exchanging data between different storage areas in computing, such as between RAM and disk space, to efficiently manage memory.

Thrashing

A condition in computer operating systems where rapid increase in the usage of resources causes a significant decrease in performance, typically due to excessive paging or swapping.