When Do You "Stop" Talking to Customers When Gathering Data

question 2

Multiple Choice

When do you "stop" talking to customers when gathering data on your venture concept reality check?

• A) When no new significant information is being obtained
• B) After 30 customers
• C) When customers stop answering your questions
• D) After 10 customers

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Definitions:

Inventory Turnover

is a ratio showing how many times a company's inventory is sold and replaced over a specific period, highlighting the efficiency of inventory management.

Grocery Store

A retail store that primarily sells food, including fresh produce, meats, dairy, and other various packaged foods.

Free Cash Flow

The amount of cash generated by a company after accounting for capital expenditures, essential for expansion and maintenance of operations.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue, representing the profit.