How Do You Identify the Customer Needs Your Venture Should

question 26

Multiple Choice

How do you identify the customer needs your venture should address?

• A) By observing and talking to customers
• B) Asking the competitors
• C) Looking it up on the Web
• D) Calling your customers on the phone

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Definitions:

Unemployment Rate

The extent of unemployment within the labor force among those actively looking for jobs.

Labor Force

The total number of people employed and actively seeking employment within an economy.

War Theory

A subset of military theory that explores the philosophies, ethics, and logistics of warfare and conflict.

Expansion Phase

A period in the business cycle during which the economy grows and unemployment decreases.